The Science of Decision-Making
What critical decision-making skills should students learn? How do we teach students to make good decisions about important questions, such as education spending, employment, or home ownership? How will their abilities to make decisions impact their education & our future workforce? To teach good decision-making, educators should teach students how to avoid mistakes & why we have psychological vulnerabilities that lead us astray. In this session, speakers will discuss the rules of thumb that often lead people to make irrational decisions, guides to good decision-making, & the behavioral biases that psychologists and economists have shown lead people to make mistakes & how to overcome them.
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- Attendees will learn about current research on economic and psychological decision-making that underscores biases, pitfalls, and current trends.
- Attendees will gain information on psychological and economics decision-making frameworks and instruction on how to apply them.
- Instruction will be offered on systematic biases and solutions to overcome them.
K Steinbacher, Specialist, Comms, Macmillan Learning