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Human Biases in Decision Making: Avoiding the Traps

March 27-28, 2023 | UT Campus | $2,950

Enroll in Negotiation and Collaborative Decision Making

Upcoming Sessions

Class Details

Strategic Decision and Risk Management

Date

03/27/23 - 03/28/23

2 Days

Instructors

Eric Bickel

Carl Spetzler

Raghunath Rao

 

 

Location

HYBRID

UT Campus

Live Online

Human Biases in Decision Making: Avoiding the Traps

Strategic Decision and Risk Management

Date

03/27/23 - 03/28/23

2 Days

Instructors

Eric Bickel

Carl Spetzler

Raghunath Rao

 

 

Location

HYBRID

UT Campus

Live Online

Class

Concentration

Date

Location

Instructors

Human Biases in Decision Making: Avoiding the Traps

Strategic Decision and Risk Management

03/27/23 - 03/28/23

2 Days

HYBRID

UT Campus

Live Online

Eric Bickel

Carl Spetzler

Raghunath Rao

 

 

  • WHAT DEGRADES YOUR DECISION MAKING?

    The human mind isn’t wired to make high-quality decisions. Because of how our minds work, errors and pitfalls keep us from making decisions that add the most value. Understand how natural behavioral processes lead to biases, distortion, and mistakes. Explore preventive measures and techniques to reduce these biases, improve individual decisions and enrich organizational decision processes.

What You'll Learn

Biases and Impacts to Decision Making

  • Understand the ways in which your mind, personality, and social structures can degrade your decision-making.
  • Discover six categories of biases that produce most of the mistakes in decision making
  • Discuss how overconfidence, confirmation bias and hindsight bias can keep us from seeking critical information and making realistic judgments
  • Understand the limiting effects of unconscious self-serving biases in yourself and others

 

Associations Used to Make Judgements and their Impact

  • Examine five types of associations we use to make judgments which can be misleading
  • Recognize the distortions created by relative comparisons and simplification
  • Anticipate how capacity on perception, attention, memory, reasoning and choice influence our decisions

 

Ways to Mitigate or Reduce Biases

  • Balance conflict and cooperation to minimize the negative effects and increase the positive influences of group dynamics
  • Develop a personal action plan for counteracting natural decision problems and reducing the impact of negative decision behaviors in your organization

 

Attending this Course

  • Individuals

    This course is appropriate for those that want to make better decisions, and develop better processes for decision making within their team or across their organization.
  • Teams

    Organizations often send pairs or small teams, to support the launch of new initiatives.
  • Requirements & Credit

    There are no prerequisites for this course, but we recommend starting with our 'Decision Quality' class to learn the fundamentals. Participants earn 1.4 CEUs and/or 14 CPEs for this course, as well as a certificate of completion.
Course Kept Me Interested
Great mix of presentation and activity to keep attention.
Aerial view of the University of Texas tower and buildings with orange roofs.

Instructors

  • Eric Bickel
    Eric Bickel Headshot
    Eric Bickel

    Professor and Director, Graduate Program in Operations Research & Industrial Engineering

    Learn More
  • Carl Spetzler
    Carl Spetzler Headshot
    Carl Spetzler

    CEO and Chairman, Strategic Decisions Group

    Learn More
  • Raghunath Rao
    Raghunath Rao Headshot
    Raghunath Rao

    Associate Professor, Marketing

    Learn More

Demonstrate Your Expertise with a Certificate

  • Reimbursement Options

    Learn more about course credits and options for course reimbursement. Get tips on the best way to approach your manager and download a customizable template to facilitate making the ask.
  • Course Location

    In person courses take place at the AT&T Executive Education and Conference Center and adjoining Rowling Hall on the UT campus in Austin. These world-class facilities provide a comfortable and convenient learning environment, with direct access to the 40 acres of campus and within walking distance of downtown Austin. Live online and on-demand course options are available for many courses.

In Partnership with Strategic Decisions Group

The Strategic Decision and Risk Management Certificate courses offered by Texas Executive Education combine The University of Texas at Austin’s academic and research depth with the decision and risk management expertise and track record of Strategic Decisions Group (SDG).

 

Strategic Decisions Group (SDG) is a global consulting firm with expertise in strategic decision making, risk management and shareholder value creation. SDG’s collaborative approach helps clients find innovative strategies for today while helping them build decision competency for the future.

 

Resources

  • Hand holding up magnifying glass with trees in the background.

    Decision Quality: Strategic Decision Making Through Framing & Alternatives

    Framing and finding alternatives are key links in the decision quality chain; necessary for determining if a decision is good or not.
  • Man in white shirt looks at a tablet.

    Decision Quality: Strategic Decision Making Through Information & Values

    Decision quality is a strategic decision making process used to judge the quality of a decision at the time it is being made.
  • People stand in front of a computer in an office.

    Decision Making: The Good, the Bad, and the Ugly

    Why do seemingly good decisions sometimes turn out all wrong? Conventional thinking often confuses decisions with outcomes.

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