Summer 2009 EMBA Course

B7619-001: Behavioral Economics & Decision Making

Block Week 4, meets Jul 13-17 at Columbia

Instructor: Eric Johnson

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The purpose of this course is to inform future managers and consultants of customers’ decision rules and their associated biases and to enable these future managers and consultants to incorporate such insights in their business and marketing strategies. The seminar has two facets. First, it gives students a broad overview of important results from various behavioral sciences (e.g., behavioral economics, behavioral decision research, social and cognitive psychology, consumer research) that clarify how managers and customers make choices. Second, it investigates how these results can be leveraged to design original and more effective marketing and business strategies, and how to design organizations that are more effective. This can be a significant source of competitive advantage, because they are unknown to most managers and are not taught in most MBA programs.


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Eric Johnson

Norman Eig Professor of BusinessEric Johnson is a faculty member at the Columbia Business School at Columbia University where he is the inaugural holder of the Norman Eig Chair of Business, and Director of the Center for Decision Sciences. His research examines the interface between Behavioral Decision Research, Economics and the decisions made by consumers, managers, and their implications for public policy, markets and marketing. Among other topics, Johnson...

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