First cycle
degree courses
Second cycle
degree courses
Single cycle
degree courses
School of Psychology
Course unit
PSP7077962, A.A. 2019/20

Information concerning the students who enrolled in A.Y. 2019/20

Information on the course unit
Degree course Second cycle degree in
PS1978, Degree course structure A.Y. 2017/18, A.Y. 2019/20
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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
E-Learning website
Mandatory attendance No
Language of instruction English
Single Course unit The Course unit can be attended under the option Single Course unit attendance
Optional Course unit The Course unit can be chosen as Optional Course unit

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

Course unit organization
Period First semester
Year 1st Year
Teaching method frontal

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

Start of activities 07/10/2019
End of activities 18/01/2020
Show course schedule 2019/20 Reg.2017 course timetable

Examination board
Board From To Members of the board
3 2019 01/10/2019 30/09/2020 RUBALTELLI ENRICO (Presidente)
LOTTO LORELLA (Membro Effettivo)

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.

The class aims at giving the student not just notions regarding the psychology of judgment and decision-making but also the skills to reason critically on a series of problems and to understand how to tackle them from a perspective that applies psychology to issues that are relevant for the society and the life of people.
Examination methods: For all students, the final examination will be a written test based on the content of the text books (see below for details on text books).

Students will have to answer to three open questions (up to 4 points each; unanswered question = 0) and twenty multiple choice questions (1 point each; unanswered question = -1; wrong answer = 0).

The scoring will be computed by summing up the points collected in each question (32 points = 30 cum laude).

The exam duration is 60 minutes.
Assessment criteria: Students will be evaluated on the basis of their knowledge of the topics covered in the text books.

Answers to open questions will be evaluated based on criteria of precision in relation to what is asked in the question, clarity of the answer, and completeness.

Multiple choice questions will always have 1 correct answer and three alternatives overall. The points scheme has been decided to reward students who try to answer all questions.
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 economic fields.
Planned learning activities and teaching methods: The teaching methodology foresees class lectures (in English) and text book reading. In addition, students will solve the same decision problems that are typical of the literature on judgment and decision-making. Finally, they will be asked to participate in group works and they will be presented with lab data from current projects in order to learn how decision-making research is conducted and which statistical methods are used in the field.
Additional notes about suggested reading: All slides presented during lectures will be available on Moodle. Slides will be made available only after being presented in class, since students will be asked to solve classical decision tasks. Providing slides in advance would make solutions available and the examples ineffective.

Furthermore, other materials (such as scientific papers, media articles, links to interviews, videos and podcasts) will be made available on Moodle.
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

Innovative teaching methods: Teaching and learning strategies
  • Lecturing
  • Case study
  • Working in group
  • Questioning
  • Loading of files and pages (web pages, Moodle, ...)

Innovative teaching methods: Software or applications used
  • Moodle (files, quizzes, workshops, ...)
  • R

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