Course Details

Judgment & Decision-Making

Busy professionals make judgments and decisions every day. What is the chance that my company will prevail in this legal dispute if it goes to trial? How should I invest my retirement money? Should I hire the potentially excellent but high-risk job candidate, or settle for the solid low-risk candidate? This class will explore human judgment and decision making with an eye toward understanding (a) how and why our judgments and decisions are more fallible and less rational than we might suppose, and (b) the extent to which our judgments and decisions can be improved. Regarding point (a), we will examine how various psychological forces, in combination with compelling intuitive heuristics (simple strategies), can lead to bad judgments and choices. We will cover such classic phenomena as anchoring, framing, the base rate fallacy, the illusion of control, memory distortions, confirmation bias, hindsight bias, and social pressure. Regarding point (b), we will talk about strategies that you can use to overcome – or at least minimize – the damaging effects of biases in various decision contexts. No pre-requisites Take home final exam All required reading materials will be posted to Canvas

Catalog Number: LAWSTUDY 955-0

Course History

Fall 2016
Title: Judgment & Decision-Making
Faculty: Koehler, Jonathan (courses | profile)
Section: 1     Credits: 0.5
Capacity: 20     Actual: 19