This course gives an introduction into the decision science relevant to managers, in order to provide an understanding of individual and group behavior in organizational contexts and the (un)predictability and complexity of human behavior in managerial contexts. By exploring applications of game theory and psychology, students will scrutinize both rational and non-rational aspects of decision-making in organizations and markets. The course contrasts psychological theories and game-theoretical predictions with empirical evidence, enhancing understanding and skills to promote effective managerial decision making and intelligent organizational design. You will need to be comfortable with logical thinking and rigorous arguments. Relatively little specific math is required; but you should be familiar with basic probability theory (for example, you should know what a conditional probability is), and some very light calculus would be helpful.

Full attendance is expected for all lectures and experiments. Students are allowed to miss a maximum of 20%. If you cannot attend a lecture due to exceptional/unforeseeable circumstances, please contact the lecturer.

Class evaluation consists of 3 parts:

1. Participation (10%)         
2. Group assignment (40%)   
3. Quizzes & Exam (50%)