Lecturer(s): Dr Samuel Touchard
Prerequisite(s): ST115 Introduction to Probability or ST111 Probability A.
Commitment: 3 lectures per week. This module runs in term 1.
Throughout their history, game and decision theories have used ideas from mathematics and probability to help understand, explain and direct human behaviour.
Questions explored in the module include: What is probability? A set of axioms, a relative amount of outcomes, a belief? And how can this be elicited? What guides decision-making when outcomes are uncertain? What happens when information is only partial or ambiguous? What if there is more than one person, or how are decisions made in games? How do people perceive and evaluate probabilities and risks? Are they acting rationally or not? Which heuristics and biases come into play? Under which conditions do they occur, and how do they impact decision-making?
Answer will be embedded into theories and illustrated with practical examples from a wide range of applications including engineering, economics, finance, business, sciences, psychology and medicine.
A list with books and website supporting this module will be provided on the resource page for this module. To get a first taste of what the module is about, the following resources may be helpful:
Assessment: Exam (100%)
Examination Period: April