Academic Catalog

EM725 TOPICS IN EM: BEHAVIORAL DECISION ANALYSIS

Course Code: 8660725
METU Credit (Theoretical-Laboratory hours/week): 3(3-0)
ECTS Credit: 8.0
Department: Engineering Management
Language of Instruction: English
Level of Study: Graduate
Course Coordinator: Prof.Dr. MUSTAFA MURAT KÖKSALAN
Offered Semester: Fall and Spring Semesters.

Course Content

Decision making under uncertainty; decision rules; decision trees; maximizing expected value; utility theory. Behavioral aspects of decision making; factors affecting decisions; context, framing, endowment, anchoring effects. Prosoect theory; regret theory.