Decision Making

Numbering Code U-ECON00 30201 LJ44
U-ECON00 30201 LJ43
U-ECON00 30201 LJ24
Year/Term 2021 ・ Second semester
Number of Credits 2 Course Type Lecture
Target Year From 2nd to 4th year students Target Student
Language Japanese Day/Period Wed.1
Instructor name MATSUI HIROYUKI (Graduate School of Management Professor)
Outline and Purpose of the Course The aim of this course is for students to acquire the ability to understand and practice decision making in the problem-solving process. Through lectures and exercises, students will learn representative methodologies for each representative approach to decision making, with the aim to acquire basic knowledge about decision-making and improve their decision-making ability.
Course Goals To improve information processing ability (decision making) in a broad sense by understanding the outline of each of 6 typical approaches to decision making and learning the basic or typical methods.
Schedule and Contents Each of the following 6 typical decision-making approaches will be taught for a total of 15 weeks with 2 or 3 lectures and exercises per theme.
I. Economic approach (microeconomics, utility theory, game theory)
II. Organizational approach (Barnard-Simon theory of organizational equilibrium, bounded rationality, the model of economic man and administrative man)
III. Decision-theoretical approach (decision-making under uncertainty, risk-based decision-making, Bayesian decision theory)
Ⅳ. Management science approach (operations research (mainly mathematical programming and its applications), optimization (mathematical) models)
V. Systems analysis approach (system approach, multi-criteria decision-making, analytic hierarchy process (AHP), data envelopment analysis (DEA))
VI. Behavioral science approach (behavioral decision-making theory, prospect theory, behavioral game theory) 
Evaluation Methods and Policy The following methods will be used to check whether students have acquired basic knowledge regarding decision making and their ability of decision making.
The degree of participation in cycles consisting of preparation reports, question reports, and exercises (70%) + final report (30%). The final report may be changed to an exam.
Course Requirements From the list of introductory courses, students must have completed "Introduction to Microeconomics" and "Introduction to Management." In addition, students must have completed a liberal arts mathematics course or similar from the Faculty of Economics, and have basic computer literacy.
Study outside of Class (preparation and review) Lectures and exercises will be conducted according to the following procedure. Students will prepare their own preparation reports for each representative decision-making approach by referring to the reading material distributed in advance. Based on each student's preparation report, lectures will be delivered on unclear topics. Students will prepare a question report if they have any question after taking the lecture. The answers will be given in the next lecture. For each approach, students will work on exercises to deepen their understanding.
These preparation reports, question reports, and exercises will be combined into one cycle, and this cycle (about 6 times in the schedule) will be implemented for each approach.
Textbooks Textbooks/References Course materials and related materials will be uploaded to PandA or distributed during lectures.
References, etc. 上田秦 『文科系のための意思決定分析入門』 (日科技連) ISBN:4817150343 2002年, 宮川公男 『意思決定論ー基礎とアプローチ』 (中央経済社) ISBN:4502677701 新版,2010年, 加藤豊,加藤理 『例題でよくわかる はじめてのオペレーションズ・リサーチ』 (森北出版) ISBN:4627078110 2018年, 福澤英弘 『定量分析実践講座―ケースで学ぶ意思決定の手法』 (ファーストプレス) ISBN:490324153X 2007年, 福澤英弘,小川康 『不確実性分析 実践講座』 (ファーストプレス) ISBN:4904336402 2009年, 長瀬勝彦 『意思決定のマネジメント』 (東洋経済新報社) ISBN:4492532455 2008年, 大林厚臣 『ビジネス意思決定―理論とケースで決断力を鍛える』 (ダイヤモンド社) ISBN:4478029555 2014年, イツァーク・ギルボア/川越敏司,佐々木俊一郎 『意思決定理論入門』 (エヌティティ出版) ISBN:4757122829 2012年, 西崎一郎 『意思決定の数理 最適な案を選択するための理論と手法』 (森北出版) ISBN:4627922213 2017年, 広田すみれ,増田真也,坂上貴之 『心理学が描くリスクの世界 行動的意思決定入門』 (慶應義塾大学出版会) ISBN:4766423348 第3版,2018年, 佐伯胖 『「きめ方」の論理(ちくま学芸文庫)』 (筑摩書房) ISBN:4480098763 2017年 (A separate volume was published by University of Tokyo Press in 1980.) , 大谷文雄 『行動経済学の使い方(岩波新書) 』 (岩波書店) ISBN:4004317959 2019年. Other reference material will be introduced in lectures, as necessary.