AK203V Decision Theory for Professionals 2.5 credits

• 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.

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.

120 credits higher education

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

• 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.

Active participation in seminars.

John Cantwell

• 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.