Learning Outcomes
This module will enable students to differentiate, analyze and model different types of risk and uncertainty.
Skills and Knowledge:
Students will acquire basic knowledge and skills to differentiate existing probability concepts, understand their historical foundations and underlying ideas of man and evaluate their implications for psychological models of decision making, risk perception and communication in both theory and application.
Competences and Applications:
Students will be able to model risk and uncertainty in different work domains and, based on this, to derive and critically assess interventions aimed at improving informed decision making under risk and uncertainty.
In particular, students will be able to:
- apply principles of transparent risk communication.
- model binary decision situations as a way to develop and evaluate work-related decision support interventions.