In grasping the underlying factors in decision making, you'll explore key topics such as decisions regarding probability, time-related decisions, managing risk, high-stakes medical decisions, and group decision making. Professor Huettel illustrates each concept with meaningful examples, analogies, and case studies, relating the material directly to the decisions all of us make as a central part of living. This unique course gives you essential knowledge and insights for one of life's most important skills.
PLEASE NOTE: When you purchase this title, the accompanying reference material will be available in your Library section along with the audio.
Regular price: £32.79
Buy Now with 1 Credit
Buy Now for £32.79
Customer ReviewsMost Helpful
By Chris on 26-04-15
Quite interesting, but perhaps drawn out too much
This course covers the (relatively modern) field of behavioural economics, which is the study of how psychological and neurological effects impact on decision making. Starting with Prospect Theory, the first major theory of behavioural economics, Prof. Huettel outlines a wealth of experiments that display a huge range of counter intuitive effects that the brain has on decision making.
To get the most out of this course I would suggest people have at least a basic knowledge of classical economics, e.g. the great courses intro to economics, since this gives a much better context for why this field is so important and can have such wide reaching implications.
Many aspects of decision making biases are discussed, for example, how framing a question differently can completely change how we react to it. At each stage the professor suggests ways in which understanding these biases can actually lead you to make better decisions in your life, and I will certainly be using some of the tricks he suggests. For example, paying someone to do something that they used to do for free can undermine their incentive for doing it, e.g. paying for blood donations tends to decrease numbers of donated pints!
Whilst the course was very interesting, and I will be following up with one of the courses on psychology, I think the length is unnecessarily long. Sometimes the points made didn't need nearly as much time as they did, and it felt like a chore to get through a couple of the lectures.
Overall, worth a listen, some very interesting facts and experiments, but only worth it if you are particularly interested, and have some background knowledge already.
2 of 2 people found this review helpful
By CK on 23-03-16
Good but could have been better
Very interesting but a bit monotonous tone of voice, particularly because of the length of the reading that makes it heavy to assimilate after some time of listening. Otherwise very good and educational.
1 of 1 people found this review helpful
Customer ReviewsMost Helpful
By SAMA on 12-01-14
Stating the Obvious
This course lists a lot of behavioral ideas we know but don't know we know, in excellent examples and words. Stimulating.
23 of 26 people found this review helpful
By Pedro M on 23-09-14
Clear and effective
Great course! Clear, well structured, most useful.
The best way to teach is to stimulate the other own thought!
Glad I got this book. Only regret that it wasn't earlier...
Thanks Professor Huettel!
10 of 11 people found this review helpful