PSYC204 - Psychology of Reasoning & Thinking
People often have to make choices under situations involving uncertainty and risk. To understand how people make choices or decisions, we need to understand the thinking, reasoning and judgment processes involved. In addition, decision and choice situations often involve making tradeoffs (e.g. price versus quality) or evaluating multiple different options and alternatives. With limited human cognitive capacity and the multiple task demands involved in choice and decision making, it appears that reasoning or decision-making processes are challenging. This course will help you understand these complexities and processes. It will cover topics such as judgments of risk and uncertainty, affect and decision making, self-control, heuristics and biases. In addition, we will connect decision-making theories to other areas of application, such as negotiation, consumer behaviour, and team processes.
