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Martyn Clayden
and
Christianne Bailey
Most FutureLearn courses run multiple times. Every run of a course has a set start date but you can join it and work through it after it starts. Find out more This course is for anyone looking to improve their knowledge of decision-making and risk within an organisation or business. Please note that the individuals detailed in the ‘Who will you learn with?’ section below, are current staff members and may be subject to change.
Topics Covered
Read more
Most FutureLearn courses run multiple times. Every run of a course has a set start date but you can join it and work through it after it starts. Find out more This course is for anyone looking to improve their knowledge of decision-making and risk within an organisation or business. Please note that the individuals detailed in the ‘Who will you learn with?’ section below, are current staff members and may be subject to change.
Topics Covered
Read more
Most FutureLearn courses run multiple times. Every run of a course has a set start date but you can join it and work through it after it starts. Find out more This course is for anyone looking to improve their knowledge of decision-making and risk within an organisation or business. Please note that the individuals detailed in the ‘Who will you learn with?’ section below, are current staff members and may be subject to change.
Topics Covered
- The difference between risk and uncertainty: are our professional and personal decisions as good as we think they are?
- The nature of data and information
- The challenges facing data management
- Risk management
- Barriers to effective decision-making
Register for this course and see more details by visiting:
OpenCourser.com/course/p6flqd/decision
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Reviews summary
Foundational decision-making and risk overview
According to students, this course offers a solid introductory foundation in decision-making and risk management for business contexts. Learners highlight its clear distinction between risk and uncertainty and insights into barriers to effective decisions. Praised for being well-structured and accessible, it simplifies complex topics for newcomers. While providing a comprehensive overview, learners note that those seeking advanced practical application might require supplemental study. It's considered a highly relevant starting point for professionals.
Best for beginners seeking an initial overview.
"As an introductory course, it's perfect, but I wouldn't recommend it for advanced learners."
"I felt it was a good starting point, though I'll need to seek more in-depth material for specific areas."
"It covers a broad range of topics without diving too deep, which is fine for a beginner."
Content flows logically and is easy to follow.
"The modules were well-organized, making it easy to progress through the material."
"I found the pacing just right, not too fast or too slow for an introductory subject."
"The course structure helped me build knowledge progressively, chapter by chapter."
Offers insights applicable to organizational settings.
"The examples provided helped me see how these concepts apply directly to business operations."
"I can immediately use the strategies for identifying decision barriers in my workplace."
"This course is highly relevant for anyone in a professional setting dealing with organizational decisions."
Explains core principles of risk and decision-making.
"I appreciated how the course clearly explained the difference between risk and uncertainty from the start."
"It's a great introduction; I found the initial modules on data and information very accessible."
"The course did an excellent job of breaking down complex ideas into understandable segments."
Activities
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Decision-making and Risk: An Introduction.
These are activities you can do either before, during, or after a course.
Career center
Learners who complete Decision-making and Risk: An Introduction will develop knowledge and skills
that may be useful to these careers:
For more career information including salaries, visit:
OpenCourser.com/course/p6flqd/decision
Reading list
We haven't picked any books for this reading list yet.
Explores the systematic ways in which people defy rational economic predictions, offering numerous examples of irrational behavior in decision-making. It's excellent for gaining a broad understanding of behavioral economics and its impact on choices. It serves as valuable additional reading to complement theoretical concepts.
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Introduces the concept of 'nudges,' which are small changes to our surroundings that can influence our decisions. Thaler and Sunstein argue that nudges can be used to promote positive behavior change without restricting individual freedom.
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Explores the paradox of choice, arguing that having too many options can lead to indecision and regret. Iyengar provides practical advice on how to navigate choices effectively and make better decisions.
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Presents a collection of 50 decision-making models that can be applied to a wide range of situations. Mauboussin provides clear and concise explanations of each model, along with real-world examples of how they can be used.
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Explores the science of habit formation and how we can use it to change our behavior. Duhigg provides practical advice on how to break bad habits and create good ones, making it relevant for personal decision-making and self-improvement.
Provides a framework for evaluating the quality of strategies. Rumelt argues that good strategies are clear, focused, and aligned with an organization's capabilities.
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Draws on the author's experience as a professional poker player to provide insights into how to make better decisions under uncertainty. Duke emphasizes the importance of probabilistic thinking and risk management.
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Provides guidance on how to build trust and credibility as a professional. It covers topics such as communication, active listening, and problem-solving, which are essential skills for effective decision-making.
Argues that an excessive number of choices can lead to decreased satisfaction, anxiety, and decision paralysis. It's highly relevant for understanding the psychological impact of choice on well-being and valuable read for all audiences.
Examines the science of willpower and provides practical strategies for developing self-control. McGonigal explores the role of willpower in decision-making and how it can be strengthened.
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Provides insights into the psychology of persuasion. The authors explore how we can use principles of influence to communicate more effectively and make better decisions.
Explores the intersection of computer science and human decision-making. The authors provide insights into how algorithms can be used to improve our decision-making processes.
의사결정의 인지적 과정을 이해하는 데 필수적인 듀얼 시스템 사고 모델(시스템 1 및 시스템 2)을 소개하는 기본적인 책입니다. 의사결정을 뒷받침하는 인지 과정에 대한 폭넓은 이해를 얻는 데 매우 중요하며 학술 환경에서 자주 인용됩니다. 이 주제를 공부하는 모든 사람에게 필수적인 배경 지식을 제공합니다.
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Introduces the concept of 'nudge theory' and choice architecture, explaining how subtle changes in the way options are presented can influence decisions for the better. It's highly relevant for understanding applied decision-making in public policy and organizational settings. The revised edition includes updated insights.
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This practical guide provides a four-step process (WRAP) for making better decisions in various contexts. It is particularly useful for high school and undergraduate students seeking a structured approach to decision-making. It offers actionable strategies that can be immediately applied.
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Drawing on the world of poker, this book teaches readers how to make better decisions in uncertain environments by thinking in terms of probabilities and outcomes. It's highly relevant for understanding decision-making under uncertainty and is valuable for students and professionals in fields with inherent risk.
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This contemporary book explores the concept of 'noise' – unwanted variability in judgments – and its detrimental effects on decision-making in various professional fields. It's essential for graduate students and professionals seeking to deepen their understanding of judgment and improve decision quality.
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Introduces the Naturalistic Decision Making (NDM) framework, focusing on how experienced individuals make decisions in complex, real-world settings. It offers a different perspective than traditional rational choice theory and is valuable for those interested in decision-making in high-stakes environments.
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This classic collection of essays foundational text in the study of judgment and decision-making, outlining key heuristics and biases that affect human judgment. It is essential reading for graduate students and researchers in psychology, economics, and behavioral science.
Provides a comprehensive and engaging exploration of the two systems of thinking that drive our behavior, System 1 (fast, intuitive) and System 2 (slow, rational). It examines how these systems interact and how we can use this knowledge to make better decisions.
For more information about how these books relate to this course, visit:
OpenCourser.com/course/p6flqd/decision
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