Judgment and Decision Making

Lecturer (assistant)
TermWintersemester 2023/24
Language of instructionEnglish
Position within curriculaSee TUMonline


At the end of the module, students have knowledge of central empirical findings in decision research as well as of key theoretical approaches to analyze, understand, and evaluate decision making. In addition, the students are familiar with the criticisms and limitations of current decision research. On a general level, students will have further improved their skill to present scientific findings.


We face a perplexing array of decisions every day, including choosing what to eat, where to go on vacation, whom to date, or how to invest our money. This module gives an overview of key findings and issues in modern decision research. What is known about how people make decisions under risk? How do people make judgments under uncertainty? What are the cognitive processes underlying decisions, and what is the role of emotions in decision making? How does decision making develop across the life span? What is a good decision and how can we learn to become good decision makers? https://www.youtube.com/watch?v=-Lg7G8TMe_A

Teaching and learning methods

In short presentations, the students present empirical articles on key findings in decision research. The module also involves small-group exercises, in which students discuss, for instance, real-world applications of findings in decision research.

Recommended Literature

Newell, B. R., Lagnado, D. A., & Shanks, D.R. (2022). Straight choices: The psychology of decision making (3rd ed.). Psychology Press.