ULMS Electronic Module Catalogue |
The information contained in this module specification was correct at the time of publication but may be subject to change, either during the session because of unforeseen circumstances, or following review of the module at the end of the session. Queries about the module should be directed to the member of staff with responsibility for the module. |
Title | PSYCHOLOGICAL APPROACHES TO DECISION-MAKING | ||
Code | ULMS351 | ||
Coordinator |
Dr L Spencer Work, Organisation and Management Leighann.Spencer@liverpool.ac.uk |
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Year | CATS Level | Semester | CATS Value |
Session 2024-25 | Level 6 FHEQ | First Semester | 15 |
Pre-requisites before taking this module (other modules and/or general educational/academic requirements): |
ULMS101 FUNCTIONS OF BUSINESS I; ULMS151 ORGANISATIONS AND MANAGEMENT |
Modules for which this module is a pre-requisite: |
Programme(s) (including Year of Study) to which this module is available on a required basis: |
Programme(s) (including Year of Study) to which this module is available on an optional basis: |
Teaching Schedule |
Lectures | Seminars | Tutorials | Lab Practicals | Fieldwork Placement | Other | TOTAL | |
Study Hours |
24 |
6 |
30 | ||||
Timetable (if known) | |||||||
Private Study | 120 | ||||||
TOTAL HOURS | 150 |
Assessment |
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EXAM | Duration | Timing (Semester) |
% of final mark |
Resit/resubmission opportunity |
Penalty for late submission |
Notes |
Assessment 2: Unseen Written Examination Assessment Type: Examination Duration: 2 hours Weighting: 50% Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL penalty applies | 2 | 50 | ||||
CONTINUOUS | Duration | Timing (Semester) |
% of final mark |
Resit/resubmission opportunity |
Penalty for late submission |
Notes |
Assessment 1: Group presentation Assessment Type: Presentation / practical assessment Duration: 15 minutes Weighting: 50% Reassessment Opportunity: Yes Penalty for Late Submission: Standard Uo | 15 | 50 |
Aims |
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This module aims to provide students with the concepts and theories relevant to the cognitive and emotional aspects of decision-making at the individual, group and organizational levels. Particular attention is paid to the problems and potential pitfalls of making decisions amidst uncertainty and conflict including potential pressure to act in an ethically questionable manner. The module will also consider the role of AI and machine learning in decision making and the potential benefits and risks of this to organisational decision making. The module also considers negotiated decisions and cognitive techniques for stimulating creativity, innovation and problem-solving. |
Learning Outcomes |
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(LO1) Students will be able to identify and discuss the main terms used within the psychology of decision-making |
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(LO2) Students will be able to critically evaluate and discuss the major cognitive, social and emotional processes that influence the nature of individual, group and organizational decision-making |
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(LO3) Students will be able to demonstrate ability to deal with conflicting evidence and 'data' within decision-making contexts and to recognise the limitations of 'evidence' used with the decision |
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(LO4) Students will be able to critically evaluate and discuss the manner in which social and environmental factors can inform and shape the process of decision-making through team-work and group discussion |
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(LO5) Students will be able to work with others in problem-solving and negotiating teams and to reflect upon the major psycho-social processes involved in that activity |
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(LO6) Students will be able to critically evaluate and discuss the role of AI and machine-based decision making, including the potential benefits and limitations thereof |
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(S1) Adaptability |
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(S2) Problem-solving skills |
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(S3) Numeracy |
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(S4) Commercial awareness |
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(S5) Teamwork |
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(S6) Organisational skills |
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(S7) Communication skills |
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(S8) IT skills |
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(S9) International awareness |
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(S10) Lifelong learning skills |
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(S11) Ethical awareness |
Teaching and Learning Strategies |
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Teaching Method: Lecture Teaching Method: Seminar Self-Directed Learning Hours: 120 Non-modular Requirements Skills/Other Attributes Mapping Skills / attributes: Ethical awareness Skills / attributes: Lifelong learning skills Skills / attributes: International awareness Skills / attributes: IT skills Skills / attributes: Communication skills Skills / attributes: Organisational skills Skills / attributes: Teamwork Skills / attributes: Commercial awareness Skills / attributes: Numeracy Skills / attributes: Problem-solving skills Skills / attributes: Adaptability |
Syllabus |
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Risk, uncertainty and individual over-confidence; Cognitive and affective traps; Unethical decision-making; Escalation in decision-making; Real options theory; Indecision; Entrapment; AI and Machine learning in decision making; Group dynamics; Organizational influences on decision-making and organizational over-confidence; Paradox and contradiction in decision-making; Cognitive techniques for problem-solving, creativity and innovation; Negotiated decisions. |
Recommended Texts |
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Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module. |