Psychology of Decision Making

Welcome to the course on the Psychology of Decision Making! In this course, we will explore the intricate process of decision making, from problem identification to the selection of the best alternative. We will delve into the psychological factors that influence decision making, including cognitive biases, emotions, risk perception, and groupthink. Through a comprehensive examination of decision making styles, we will analyze how different styles, such as autocratic, democratic, and collaborative, impact leadership and strategic decision making. Furthermore, we will study various decision making techniques, such as decision matrix analysis, SWOT analysis, and cost-benefit analysis, and assess their application in strategic decision making.

As we progress through the course, we will focus on enhancing decision making skills, emphasizing the importance of improving decision making skills for leadership. We will explore strategies for reducing cognitive biases, improving emotional intelligence, and encouraging diversity and inclusion to enhance decision making. Additionally, we will discuss the role of training and coaching in developing decision making skills. The course will also feature case studies and practical applications, allowing students to analyze real-life scenarios, engage in role plays and simulations, and participate in reflection and debriefing activities to apply their knowledge in a practical setting.

Through a comprehensive and in-depth exploration of the psychology of decision making, students will gain valuable insights and skills to make effective and informed decisions in various personal, professional, and organizational contexts. Join us as we embark on a journey to understand the complexities of decision making and develop the skills to make strategic and impactful choices.