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Dec 15, 2025
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MGT 5430 - Managerial Decision Making
Decision making and problem solving in organizations from a managerial perspective.
Requisites: MGT 2000 or 2100 or 5000
Credit Hours: 3
Repeat/Retake Information: May not be retaken.
Lecture/Lab Hours: 3.0 lecture
Grades: Eligible Grades: A-F,WP,WF,WN,FN,AU,I
Learning Outcomes:
- To be able to utilize any/all of six strategies to improve individual decision making.
- To know what conditions lead to irrational escalation of commitment.
- To know/recognize the four main heuristics used in decision making and the potential biases that emanate from them.
- To understand the conditions that limit our awareness of information and factors relevant to decision making.
- To understand the fundamental difference between System 1 (emotional) and System 2 (logical) thinking and how these influence decision making.
- To understand why fairness matters and why individuals will make sub-optical decisions to maintain fairness.
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