Séminaire S-ML0020 - Decision Making: biases and traps

Public cible

Anyone interested in the subject

Objectives

This session is inspired by Daniel Kahneman's best-selling book "Thinking, Fast and Slow" and enhances participants' abilities to:

  • explain the most relevant biases and pitfalls in everyday decision-making;
  • recognize situations in a professional context that require "slow thinking";
  • apply key learnings from Kahneman's concepts.

Content

This course is designed for anyone interested in understanding how we make decisions under uncertainty and why we sometimes fall into cognitive traps.

  • How we make decisions: fast thinking vs slow thinking, and how these two systems shape our choices.
  • Situations where we are overly confident: why we tend to overestimate our abilities and how this distorts our decisions.
  • Base-rate neglect: our tendency to ignore essential statistical information in favour of misleading intuition.
  • The conjunction fallacy and the power of stories: how coherent narratives can feel more convincing than statistically probable facts.
  • Mental accounting and loss aversion: how emotions influence the way we perceive gains and losses.
  • Omission bias and probability effects: why we judge action and inaction differently and how we misinterpret risks.
  • Summary and best practices: key takeaways to help you make better, more systematic decisions.

Sessions

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JE
Cours en présentiel
Luxembourg
220 €
-
JE
Cours en présentiel
Luxembourg
220 €
-
JE
Cours en présentiel
Luxembourg
220 €