Credits: 6

Schedule: 15.04.2019 - 27.05.2019

Teacher in charge (valid 01.08.2018-31.07.2020): 

Juuso Liesiö

Contact information for the course (applies in this implementation):

Teaching Period (valid 01.08.2018-31.07.2020): 

V Spring (2018-2019), Otaniemi campus

V Spring, (2019-2020), Otaniemi campus

Learning Outcomes (valid 01.08.2018-31.07.2020): 

To familiarize the students with the central topics of decision theory and behavioral decision making.

Content (valid 01.08.2018-31.07.2020): 

Rational decision making under uncertainty, quantification of uncertainty, biases, Bayesian decision theory, foundations of utility theory, behavioral decision theory: criticism of rationality axioms, prospect theory.

Assessment Methods and Criteria (valid 01.08.2018-31.07.2020): 

Exam 50%, Assignments 50%.

Elaboration of the evaluation criteria and methods, and acquainting students with the evaluation (applies in this implementation): 

Total 0-100 course points consisting of
-Pop quizzes (held at the beginning of each lecture except the first one, 6 best out of 9): 0-30 points.
-Home assignment:0-20 points
-Exam: 0-50 points
Lower bounds for grades are 5: 90p, 4:80p, 3: 70p, 2: 60p, 1: 50p, and at least 25p from the exam. Bounds may be relaxed after the exam results are in.

Workload (valid 01.08.2018-31.07.2020): 

Contact teaching 24 h, Independent work 133 h, Exam 3 h

Study Material (valid 01.08.2018-31.07.2020): 

Material handed out in class, mandatory readings

Details on the course materials (applies in this implementation): 

Lecture slides, scientific articles and the home assignment. All material will be published in MyCourses. 

Course Homepage (valid 01.08.2018-31.07.2020):

Prerequisites (valid 01.08.2018-31.07.2020): 

Business Decisions 2 or equivalent skills

Grading Scale (valid 01.08.2018-31.07.2020): 


Registration for Courses (valid 01.08.2018-31.07.2020): 

Via WebOodi.


Registration and further information