Pennsylvania State University 3 credits SRA
Provides an overview of decision theoretical and analytical concepts and tools in the security risk analysis field. SRA 231 Decision Theory and Analysis (3) Decision Theory and Analysis is designed for students to build an understanding of how to improve the judgment and decision making of individuals, groups and organizations. Behavioral decision theories provide the theoretical core for the course. These theories draw on insights from a diverse set of disciplines, including cognitive and social psychology as well as economics, statistics and philosophy.Offered annually (and more if demand requires), this course will foster understanding of: (a) the cognitive, emotional, social and institutional factors that influence judgment and choice, (b) normative (economic) models of rational choice, and (c) how judgment and decision making can be predicted and/or improved through prescriptive aids and models.Applications of these theories and methods to real-life venues will be used to engage and focus the students. For example, insights on how such concepts apply to supply chain security, bioterrorism threats, legal decision making, large-scale risk assessments (e.g., assessing risks of transnational threat), and first-response/crisis decision making will be common. Where appropriate, real situations and cases are used to bring concepts and scenarios alive.Overall, the course emphasizes basic skills and concepts that enhance an individual's ability to understand why individuals, groups and organizations behave the way they do, how they formulate the issues and problems they confront, as well as to choose rationally among competing courses of action.
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