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AK203V Decision Theory for Professionals 2.5 credits

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Headings with content from the Course syllabus AK203V (Autumn 2022–) are denoted with an asterisk ( )

Content and learning outcomes

Course contents

  • Introduction to decision theory and concepts such as rationality, preferences, aims, uncertainty and utiliity,
  • presentation and application of decision-theoretical methods,
  • introduction to decision making under risk and uncertainty,
  • philosophical perspective on decision-theoretical questions,
  • exercise in formalisation and analysis of decision problems.

Intended learning outcomes

On completion of the course, the student should be able to:

  • give an account of the basic concepts that are used in decision theory,
  • give an account of the basics of formalisation of decision problems, choices of decision-theoretical method and decision under risk and uncertainty,
  • discuss and problematise the formalisation of decision problems and justify the choice of decision-theoretical method given a certain decision problem under risk and uncertainty,
  • discuss decision-theoretical issues from a philosophical perspective,
  • discuss and problematise decision theory and decision making methods in practical and professional contexts.

Course disposition

No information inserted

Literature and preparations

Specific prerequisites

120 credits higher education

Recommended prerequisites

No information inserted


No information inserted


No information inserted

Examination and completion

If the course is discontinued, students may request to be examined during the following two academic years.

Grading scale

P, F


  • PRO1 - Projekt, 2.5 credits, grading scale: P, F

Based on recommendation from KTH’s coordinator for disabilities, the examiner will decide how to adapt an examination for students with documented disability.

The examiner may apply another examination format when re-examining individual students.

Other requirements for final grade

Active participation in seminars.

Opportunity to complete the requirements via supplementary examination

No information inserted

Opportunity to raise an approved grade via renewed examination

No information inserted


Ethical approach

  • All members of a group are responsible for the group's work.
  • In any assessment, every student shall honestly disclose any help received and sources used.
  • In an oral assessment, every student shall be able to present and answer questions about the entire assignment and solution.

Further information

Course web

Further information about the course can be found on the Course web at the link below. Information on the Course web will later be moved to this site.

Course web AK203V

Offered by

Main field of study

This course does not belong to any Main field of study.

Education cycle

Second cycle

Add-on studies

No information inserted


John Cantwell (