10522 Judgment and Evaluation under Conditions of Uncertainty for Students of Management and Economics 1

Credits: 6 advanced credits in Management or in Psychology or in Economics

Prerequisites: 36 credits, including Introduction to Statistics for Students of Social Sciences I, Introduction to Statistics for Students of Social Sciences II, Introduction to Microeconomics; and one of the following: Econometrics, Research Methods in Social Sciences. Students must also fulfill all English requirements and take bibliographic instruction in the Library.

Authors: Ruth Beyth-Marom, Dan Zakai, Shahar Ayal, Kelly Saporta

The course focuses on human thought processes under uncertainty (actual), comparing them to normative models found in statistics and traditional economics models based on rational assumptions. This popular area of study bridges economics and psychology. The materials include a reader, a study guide, and a CD, which provides guided, active and interactive reading of a central article of the course, and includes student participation in a study, both as researcher and participant.

Objectives: To introduce the student to a fascinating area of research; To examine the implications of this area on behavioral phenomena in various fields, focusing on economic applications; To sharpen critical thinking when reading research studies and analyzing actual events.

Initially, students study introductory material and perform guided reading of two review articles in the field. In the second stage, they read articles that deal with various aspects of the field.

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1Students may write a seminar paper in this course, although it is not required.

There is some overlap in the content of this and other courses. For details, see Overlapping Courses.