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Quick Facts
| Medium Of Instructions | Mode Of Learning | Mode Of Delivery |
|---|---|---|
| English | Self Study, Virtual Classroom | Video 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
Programme Offerings
- video lectures
- quizzes
- online learning
- Live polls
- Self-paced learning
- Case Studies
- Offline resources
- Infographics
Courses and Certificate Fees
| Certificate Availability | Certificate Providing Authority |
|---|---|
| yes | Yale 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.
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
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
- Business executives who want to learn new tools and techniques to help them make better decisions.
- Professionals who want to improve their critical thinking abilities in order to advance in their careers.
- persons employed in areas such as finance, sales & marketing, information technology, business development, and consulting such as financial analyst, financial planner, financial advisor, marketing manager, business development executive, where rapid judgments are frequently required.
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
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)
Decision-making is the process of selecting one of several accessible options.
Limited, extensive, and routine processes are the 3 types of decision-making.
Rational thinking, an objective approach, and smart analysis are the characteristics of decision-making.
Decision matrix, force field analysis, SWOT diagram, Pareto analysis, strategy map are some of the tools 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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