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Decision making
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Video
Every day, a sea of decisions stretches before us, and it’s impossible to make a perfect choice every time. But there are many ways to improve our chances — and one particularly effective technique is critical thinking. Samantha Agoos describes a 5-step process that may help you with any number of problems.
- Keywords:
- Problem solving Critical thinking Decision making
- Resource Type:
- Video
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MOOC
In today's business environment, organizations have identified critical thinking and problem-solving as skills that are integral to an employee's--and their organization's--success.
The most successful professionals can assess the environment, analyze a situation, design a solution, and ultimately win in a competitive scenario.
This course, part of the Leadership Essentials Professional Certificate program, will demystify, discuss, and provide application techniques for critical thinking and problem-solving in a business context. Learners will draw connections to their work experience by analyzing and critiquing case studies. Best practices for problem-solving will be discussed and illustrated including how to weigh alternative solutions, incorporate feedback from stakeholders, and how and when to start over.
- Keywords:
- Management Problem solving Critical thinking Decision making
- Resource Type:
- MOOC
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MOOC
Most professions these days require more than general intelligence. They require in addition the ability to collect, analyze and think about data. Personal life is enriched when these same skills are applied to problems in everyday life involving judgment and choice. This course presents basic concepts from statistics, probability, scientific methodology, cognitive psychology and cost-benefit theory and shows how they can be applied to everything from picking one product over another to critiquing media accounts of scientific research. Concepts are defined briefly and breezily and then applied to many examples drawn from business, the media and everyday life.
What kinds of things will you learn? Why it’s usually a mistake to interview people for a job. Why it’s highly unlikely that, if your first meal in a new restaurant is excellent, you will find the next meal to be as good. Why economists regularly walk out of movies and leave restaurant food uneaten. Why getting your picture on the cover of Sports Illustrated usually means your next season is going to be a disappointment. Why you might not have a disease even though you’ve tested positive for it. Why you’re never going to know how coffee affects you unless you conduct an experiment in which you flip a coin to determine whether you will have coffee on a given day. Why it might be a mistake to use an office in a building you own as opposed to having your office in someone else’s building. Why you should never keep a stock that’s going down in hopes that it will go back up and prevent you from losing any of your initial investment. Why it is that a great deal of health information presented in the media is misinformation.
- Keywords:
- Reasoning Problem solving Critical thinking Decision making
- Resource Type:
- MOOC
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Video
Often people make decisions that are not "rational" from a purely economical point of view — meaning that they don't necessarily lead to the best result. Why is that? Are we just bad at dealing with numbers and odds? Or is there a psychological mechanism behind it? Sara Garofalo explains heuristics, problem-solving approaches based on previous experience and intuition rather than analysis.
- Subjects:
- Psychology
- Keywords:
- Decision making
- Resource Type:
- Video
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MOOC
In autonomous vehicles such as self-driving cars, we find a number of interesting and challenging decision-making problems. Starting from the autonomous driving of a single vehicle, to the coordination among multiple vehicles. This course will teach you the fundamental mathematical model for many of these real-world problems. Key topics include Markov decision process, reinforcement learning and event-based methods as well as the modelling and solving of decision-making for autonomous systems. This course is aimed at learners with a bachelor's degree or engineers in the automotive industry who need to develop their knowledge in decision-making models for autonomous systems. Enhance your decision-making skills in automotive engineering by learning from Chalmers, one of the top engineering schools that distinguished through its close collaboration with industry.
- Subjects:
- Electrical Engineering, Mechanical Engineering, and Transportation
- Keywords:
- Decision making Automobiles -- Design construction Automated vehicles
- Resource Type:
- MOOC
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Courseware
The topic of the class is information and contract theory. The purpose is to give an introduction to some of the main subjects in this field: decision making under uncertainty, risk sharing, moral hazard, adverse selection, mechanism design, and incomplete contracting.
- Subjects:
- Economics
- Keywords:
- Risk assessment Decision making Contracts Microeconomics
- Resource Type:
- Courseware