Graduate School in Systems Analysis, Decision Making, and Risk Management

Topics in behavioural decision making and risk management
(1 credit unit)

Time and place: The course takes place on Nov 15th-18th at the Helsinki University of Technology (see program for room). The daily program includes 3 hours of lectures (3 p.m. - 6 p.m.), starting Nov 15th.
Teachers: Lectures are given by Professor Jim Corner, University of Waikato, New Zealand (room U209), Dr. Andrew Stirling, Science and Technology Policy Research (SPRU), University of Sussex, England (room U236), Professor Ahti Salo, Helsinki University of Technology, and Professor Raimo Hämäläinen, Helsinki University of Technology. Call 451 3064 to contact Prof. Corner or Dr. Stirling.
Course material: The course material will be delivered during the course.
Participants: Master's and doctoral students of the HUT and other universities.
The course is also open to all others interested in the subject.
  • Monday, November 15th (Jim Corner, room Y228)
    • How people make decisions - descriptive decision making in practice, including quality in decision making.
    • Theoretical models of descriptive decision making and review of basic concepts in decision making.
  • Tuesday, November 16th (Jim Corner, room Y307)
    • Psychometric tests related to decision making: measuring personality and decision style.
    • Cognitive biases in decision making and how to overcome them.
    • Structuring decision problems for choice.
    • Creativity in decision making.
  • Wednesday, November 17th (Jim Corner and Andrew Stirling, room Y228)
    • Beer Game 12 a.m. - 3 p.m. in room U264 (Click here for a 1992 Beer Game bibliography by J. Sterman)
    • Research methodologies for the social sciences. Paradigms and the methods appropriate for a given paradigm. How to conduct research on decision making.
    • Some problems in risk assessment and cost-benefit analysis: complexity in appraisal, incommensurability and ignorance, and practical consequences.
  • Thursday, November 18th (Ahti Salo, Raimo Hämäläinen, and Andrew Stirling, room Y228)
    • Incorporation of uncertainties in multiattribute modelling.
    • Some practical responses to the problems: stakeholder participation, multi-criteria approach, and the role of diversity.
    • Approaches to precaution and diversity in the management of technological risk.
  • Further information: Professor Ahti Salo
    Course assistant: Mr Janne Gustafsson.
    Please register your intent to participate to Janne. To get the full credit the participants need to do a home assignment.