Decision psychology has greatly improved our understanding of the dynamics of decision-making, a field especially relevant today when people’s decisions play a key role in controlling the spread of COVID-19.
Psychologists Daniel Kahneman and Amos Tversky conducted groundbreaking research into how we make difficult decisions. Kahneman, who won the 2002 Nobel Prize in Economic Sciences, has adapted their rigorous research papers into an approachable and best-selling book, Thinking, Fast and Slow.
Working with selected chapters, we will provide an overview of Kahneman’s and Tversky’s arguments in terms of our own decision-making, individual decisions about controlling Covid-19, and the goal of promoting overall well-being. We will also refer to Barry Schwartz's book, The Paradox of Choice: Why More is Less.
In each session, we will use summary notes, slide presentations, and application exercises to foster understandability and discussion. We will also formulate indicators to include in a Gross Happiness Index to supplement the currently used Gross Domestic Product.There is no required reading for this course.