First cycle
degree courses
Second cycle
degree courses
Single cycle
degree courses
School of Psychology
Course unit
PSP7077962, A.A. 2017/18

Information concerning the students who enrolled in A.Y. 2017/18

Information on the course unit
Degree course Second cycle degree in
PS1978, Degree course structure A.Y. 2017/18, A.Y. 2017/18
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Number of ECTS credits allocated 6.0
Type of assessment Mark
Course unit English denomination PSYCHOLOGY OF ECONOMIC DECISIONS
Department of reference Department of General Psychology
Mandatory attendance No
Language of instruction English

Teacher in charge ENRICO RUBALTELLI M-PSI/01

ECTS: details
Type Scientific-Disciplinary Sector Credits allocated
Core courses M-PSI/01 General Psychology 6.0

Mode of delivery (when and how)
Period First semester
Year 1st Year
Teaching method frontal

Organisation of didactics
Type of hours Credits Hours of
Hours of
Individual study
Lecture 6.0 42 108.0 No turn

Start of activities 09/10/2017
End of activities 19/01/2018

Prerequisites: Good knowledge of English language.
Target skills and knowledge: This class aims at covering the main theories and application of judgment and decision-making. At the end of the class, students will be able to understand how people make decisions and why behavior does not conform to the rationality assumptions proposed by classical economic theories. This class will touch the theoretical side as well as the applied one of several subjects related to judgment and decision-making, among them: consumer behavior, altruism and prosocial behavior, the application of decision-making to policy making, the measurement of happiness, how people use money, financial decision-making, and risk perception.
Examination methods: For students who will attend the lectures, the final examination will be a written test based on all the class lectures as well as the contents of the text books.

For students who will not attend the lectures, the final examination will be a written test based on the content of the text books only.

In both cases, students will have to answer to three open questions and twenty multiple choice questions.
Assessment criteria: Students who will attend the lectures will be evaluated on the basis of their knowledge and understanding of the subjects presented during the class and the text books.

Students who will not attend the lectures will be evaluated on the basis of their knowledge and understanding of the subjects reported in the text books.
Course unit contents: This class covers the field of judgment and decision-making, which is the collection of cognitive, social, and emotion studies that analyze how people make decisions and evaluate the alternatives available. In particular, the class covers dual-process models of thinking, which distinguish between automatic information processing and conscious, deliberative processing. Related to these theories is the understanding of the pivotal role emotions have in driving our everyday actions. Finally, the class will cover a series of applications of judgment and decision-making in different economci fields.
Planned learning activities and teaching methods: The teaching methodology foresees class lectures (in English) and text book reading. In addition, students will be involved in tests about the different thinking processes and decision-making. Finally, in deepth explanations of methodological aspects will be done through the presentation of research papers in class. This last teaching point aims at familiarizing students with the research methodologies characterizing the judgment and decision-making field.
Textbooks (and optional supplementary readings)
  • Kahneman, Daniel, Thinking, fast and slow. Toronto: Doubleday Canada, 2011. Solo parti 1, 2 e 4. Only parts 1, 2, and 4 Cerca nel catalogo
  • Thaler, Richard H.; Sunstein, Cass R., Nudge improving decisions about health, wealth, and happiness. New Haven: London, Yale University Press, 2008. Cerca nel catalogo