INDUSTRIAL ENGINEERING


Seminar on May 12, 2017

Biases in Decision Making

Murat Köksalan

Department of Industrial Engineering, METU

Abstract

We make most of our decisions automatically utilizing some heuristics. In some cases, these heuristics lead to biases in our decisions. The structure (framing) of the decision situation we face may also have a manipulating effect on our decisions. In this talk, I will discuss heuristics, biases, and the framing effects, presenting experimental results demonstrating all cases.

Biographical Sketch

Murat Köksalan is a professor and the Chair of the Industrial Engineering Department of Middle East Technical University. His research is mainly on Multiple Criteria Decision Making (MCDM) and its applications to different problem areas. He is currently the President of the International Society on MCDM.

Place, Date & Time

Friday, May 12, 2017, 4.00 pm
IE Building, IE03

Refreshments: 3:45 pm

Event Date: 
Fri, 2017/05/12 - 16:00 - 17:00