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    Quick Facts

    Medium Of InstructionsMode Of LearningMode Of Delivery
    EnglishSelf Study, Virtual ClassroomVideo and Text Based

    Course Overview

    In an increasingly complicated world, the choices we make have a tremendous impact on our professional and personal development, as well as the trajectory of our careers,  lives, society and even on organizations. The Decision Making online course offered by the Yale School of Management provides the information and abilities needed to make good decisions in every situation.

    According to a CBS News report, A person makes approximately 35,000 decisions every day. Expert professors lead students through the Decision-Making training, and candidates will get a knowledge of the behavioural and psychological motivations, rules, biases, and heuristics that serve as the basis of how judgments are formed.

    A Psychology Today report states that 46% of firms fail as a result of poor decision-making by their executives. The Decision-Making syllabus helps candidates to investigate the three fundamental elements of decision making: context, ambiguity, and time in order to better assess their choices to make more informed decisions, regardless of their scenario.

    The Highlights

    • Yale University offering
    • Shareable certificate
    • Self-paced learning
    • 6 weeks duration
    • Course provider Getsmarter
    • Downloadable resources
    • Online learning
    • Split option of payment
    • 6-8 hours per week
    • Projects and assessments

    Program Offerings

    • video lectures
    • quizzes
    • online learning
    • Live polls
    • Self-paced learning
    • Case Studies
    • Offline resources
    • Infographics

    Courses and Certificate fees

    Certificate AvailabilityCertificate Providing Authority
    yesYale University, New Haven

    Fee type

    Fee amount in INR

    Decision-Making fees

    Rs. 151,676 (Incl of all taxes)

    The Decision-Making fee is Rs. 151,676 (Incl of all taxes). Candidates can either pay the fee in one lump sum or they can choose the split option of payment to pay the fee in 2 installments. If the candidate chooses the split option, they will be charged an extra 3% amount as an admin fee. The fee amount can be paid via bank transfer or using a debit or credit card.


    Benefits

    Candidates doing the Decision making course from Yale University via Getsmarter will be benefited in the following ways:

    • Get the tools needed to make better personal and professional decisions.
    • Learn how and why people make decisions and change the strategy accordingly.
    • Avoid typical decision-making errors by examining options through several lenses.

    Eligibility Criteria

    Certification Qualifying Details

    To qualify for the Decision Making certification from Yale University, Entrants will have to complete the learning modules and submit the practicals and assignments included in the course. Candidates will also have to participate in the live polls, quizzes, case studies, surveys, etc. All the requirements outlined in the coursebook must be satisfied to qualify for certification.

    What you will learn

    Organising skillsDecision making skills

    Upon completing the Decision Making online training from Yale University, Candidates will gain the capacity to make more successful professional and personal judgments and knowledge of why and how individuals make decisions. Learners will also gain the ability to examine judgments and avoid typical errors in decision-making.


    Who it is for


    Admission Details

    To get admission to the Decision making short course from Yale University, Follow the steps mentioned below:

    Step 1. Open the official course detail page on GetSmarter by following the link (https://www.getsmarter.com/products/yale-som-execed-decision-making-program-online)

    Step 2. Click on the ‘Register Now’ button to further proceed

    Step 3. Agree with the T&C to continue

    Step 4. Fill in the personal information to generate a profile on the GetSmarter portal 

    Step 5. Provide the billing address and sponsor information if applicable

    Step 6. Start the online course by paying the fee amount through various modes of payment

    To get admission to the Decision making short course from Yale University, Follow the steps mentioned below:

    Step 1. Open the official course detail page on GetSmarter by following the link (https://www.getsmarter.com/products/yale-som-execed-decision-making-program-online)

    Step 2. Click on the ‘Register Now’ button to further proceed

    Step 3. Agree with the T&C to continue

    Step 4. Fill in the personal information to generate a profile on the GetSmarter portal 

    Step 5. Provide the billing address and sponsor information if applicable

    Step 6. Start the online course by paying the fee amount through various modes of payment

    The Syllabus

    • Discuss the use of empirical data to explore causal effects in decision making
    • Demonstrate the importance of a systematic behavioural approach to the study of decision making
    • Explain how prior knowledge affects perceptions of reality
    • Outline the three pillars of decision making: context, uncertainty, and time
    • Identify the two cognitive systems (system 1 and system 2) involved in decision making

    • Interpret models and frameworks for decision making, including prospect theory
    • Describe reference dependence and framing in the context of decision making
    • Illustrate the role of opportunity costs in decision making
    • Show how information overload affects decision making

    • Outline some of the most common heuristics and biases in decision making
    • Explain heuristics and biases in decision making, and how they differ
    • Illustrate the relationship between the environment and decision rules
    • Describe models of decision making

    • Discuss small probabilities and probability neglect in decision making
    • Demonstrate how risk aversion affects decision making
    • Show how risk and uncertainty trigger emotions to influence decisions

    • Discuss temporal tradeoffs in decisions
    • Outline models of intertemporal choice in decision making
    • Describe how to present bias enters decisions
    • Relate psychological drivers to intertemporal choices and decisions
    • Explain the interplay between context and time in decision making

    • Investigate domains of application through the three pillars
    • Use the three pillars as lenses for understanding decisions
    • Leverage the principles of harness, avoid, and fight in a particular context
    • Evaluate ways to avoid pitfalls and biases

    Instructors

    Yale University, New Haven Frequently Asked Questions (FAQ's)

    1: What is decision making?

    Decision-making is the process of selecting one of several accessible options.

    2: What are the 3 types of decision-making?

    Limited, extensive, and routine processes are the 3 types of decision-making.

    3: What are the characteristics of decision-making?

    Rational thinking, an objective approach, and smart analysis are the characteristics of decision-making.

    4: What are the tools of decision making?

    Decision matrix, force field analysis, SWOT diagram, Pareto analysis, strategy map are some of the tools of decision making.

    5: What is the DECIDE model of decision making?

    The D-define problem, E-establish criteria, C-consider alternatives, I-identify alternatives, D-develop plan E-Execute.

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