Insights into Cognitive Biases: Effective Decision-making in Management
Date: July 12-13, 2025
Venue: Shanghai
Participants
This programme is designed for individuals who need to make critical decisions in their personal lives, careers, or entrepreneurial endeavours. It is particularly suitable for those with a keen interest in psychology, management and investment decision making, and the like.
Introduction
Have you ever wondered why you always put off dieting instead of starting right away? Or why extraordinary parents often have children who turn out to be ordinary? Do investors lean toward more aggressive strategies when they win, or when they lose? What cognitive pitfalls lurk behind the old adage “beauty is a fatal gift”? How do horoscopes and personality tests manipulate the public psyche? If these questions intrigue you, this program is for you.
Whether in our personal lives, at work, or in our entrepreneurial endeavours, we make decisions all the time. Sometimes we can make these decisions based on comprehensive analysis. More often, however, we lack the information, time, or energy for comprehensive analysis and end up relying on our gut instincts. These instincts can lead us astray, however, resulting in unexpected decision biases. This programme will take you on a journey to recognise and understand these common biases, delve into the psychology that underlies them, and learn how to use them to improve our overall well-being
Programme Content
The programme focuses primarily on biases in individual decision making from four dimensions: time, probability, value, and thinking.
A certificate of completion will be awarded
Contact Us
Shanghai
Tel: (86 21) 2890 5187
Email: exed@ceibs.edu
Address: 699 Hongfeng Road, Pudong, Shanghai
Beijing
Tel: (86 10) 8296 6688
Email: exed@ceibs.edu
Address: Building 20, Zhongguancun Software Park, 8 Dongbeiwang West Road, Haidian District, Beijing
Shenzhen
Tel: (86 755) 3699 5199
Email: exed@ceibs.edu
Address: 142 Zimao St., Qianhai Cooperation Zone, Shenzhen, P. R. China 518066
Li, XilinProgramme Objective
Through lectures, interactions, case studies, and group discussions, this programme is designed to help students recognise and understand the cognitive biases they encounter in everyday life and work, and to leverage these biases to make more effective decisions.
Programme Benefits
In this programme, participants will:
- Learn to identify and avoid common cognitive pitfalls, paving the way for more rational and effective decision-making.
- Dive into the theories of Nobel Prize-winning economists and the latest findings in behavioural science to deepen their understanding of the psychological patterns that drive human behaviour.
- Apply theoretical knowledge to real-world scenarios through hands-on case studies and interactive participation to enhance problem-solving skills.
- Enhance personal well-being and apply the psychology of decision making to their work to improve the quality of their decisions.
Programme Schedule
Day 1
- Time
- Status quo bias and anchoring effect
- Sunk cost and mental accounting
- Present-biased preference and projection bias
- Probability
- Bias in probability estimation for simple and compound events
- Neglect of prior probability
- Mean Reversion and randomness of cognition
Day 2
- Value
- Value vs. Utility
- Prospect theory
- Decision tree
- Thinking
- Selection bias
- Confirmation bias and falsification
- Think as a scientist
We reserve the right to adjust the course information (including price, date, location, faculty, course arrangement and other details)
Teaching Language
Chinese
Admissions Procedures
Applications are requested at least 30 days before the programme start date. Applications are reviewed as they arrive and admissions are subject to the final confirmation of CEIBS. Any applications received after that date will be considered on the basis of space availability. For more information, please contact our Customer Service Team in Shanghai, Beijing or Shenzhen.
Cancellations
Any cancellation made 30 days or more prior to the programme start date is eligible for a full refund of programme fees paid. However, the expenses arising therefrom shall be for the account of the applicant or his/her employer. Any cancellation made less than 30 days prior to the programme start date shall be subject to a fee of 20 percent of the total programme fee. After the programme starts, no fees shall be refunded for participants who withdraw from the programme for any reason.
Notification
To ensure the continuity of your learning, you are required to make proper arrangements according to the course schedule after receiving your letter of enrollment. We will neither make up lessons for you nor confer you with the certificate of completion if you are absent from the course for personal reasons. CEIBS reserves the right to amend information on this programme including price, discount, date, location, faculty, daily schedule and other details.
