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PB453E      Half Unit
Corporate Behaviour and Decision Making

This information is for the 2023/24 session.

Teacher responsible

TBC

Availability

This course is available on the Executive MSc in Behavioural Science. This course is not available as an outside option.

Course content

This course delivers insights from cutting edge research in behavioural science, psychology, economics, and management and guides students in their application to decision making within corporate companies in high stake settings.   The course covers search and hiring, circumventing groupthink, compensation and promotions decisions, the role of bias in equity markets, capital structure, dividend policies, behavioural risk and motivating workers. Real world class case studies are used at every stage of the course to reinforce lessons learned, and allow students visualise scenarios in which the theory and insights covered in the course can be applied.



The assessment is designed to give students the opportunity to apply the theory and insights they learned on the course to a real world case study.

Teaching

This course is delivered through a combination of lectures and seminars totalling a minimum of 20 hours in the WT.

Formative coursework

Students will be expected to produce 1 case study in the WT.

Case study with short questions that matches the style of the summative assessment 

Indicative reading

Bertrand Marrianne and Duflo Ester. Field Experiments on Discrimination. in Handbook of Economic Field Experiments. Volume 1, pages 309 - 393 2017.

MLA: Gneezy, Uri, Kenneth L. Leonard, and John A. List. "Gender differences in competition: Evidence from a matrilineal and a patriarchal society." Econometrica 77.5 (2009): 1637-1664.

Johnston, David W. and Lordan, Grace (2016) Racial prejudice and labour market penalties during economic downturns European Economic Review, 84. 57-75

Lordan, Grace and Pischke, Jorn-Steffen (2016) Does Rosie like riveting? Male and female occupational choices NBER working paper, 22495. National Bureau of Economic Research, Cambridge, USA.

Kandasamy, Narayanan, et al. "Cortisol shifts financial risk preferences." Proceedings of the National Academy of Sciences 111.9 (2014): 3608-3613.

Shiller, Robert J. Finance and the Good Society, Princeton: Princeton University Press, 2012.

Fama, Eugene, “Market Efficiency, Long-Term Returns, and Behavioral Finance,” Journal of Financial Economics.

Assessment

Coursework (100%, 4000 words) in the WT.

Case study with ten short questions. 

Key facts

Department: Psychological and Behavioural Science

Total students 2022/23: Unavailable

Average class size 2022/23: Unavailable

Controlled access 2022/23: No

Value: Half Unit

Course selection videos

Some departments have produced short videos to introduce their courses. Please refer to the course selection videos index page for further information.

Personal development skills

  • Leadership
  • Team working
  • Problem solving
  • Communication
  • Application of numeracy skills
  • Specialist skills