20506 - MARKETING DECISIONS
Department of Marketing
Course taught in English
Go to class group/s: 6 - 7
(6 credits - II sem. - OB | ING-IND/35)
6 (II sem.) -
7 (II sem.)
This course is designed to make you a better decision maker, for marketing problems and in general. Good decision makers know how to recognize decision problems, how to represent the essential structure of the decision situation, and how to analyze the problem with the formal tools based on decision theory. Decision makers need to be able to think effectively about the inputs into a decision analysis, whether to trust the analysis, and how to use the outputs to guide actions by themselves and their firms. The course covers formal (e.g., factor and cluster analysis, conjoint analysis) and behavioral decision making tools (principles of causal inference, avoidance of biased decision making) which are applied to marketing-specific contexts (e.g., pricing, segmentation). You learn to use these decision making tools in a research group project. The project involves collecting data and analyzing it with the statistical software package SPSS.
Course Content Summary
- Managerial Decision Making in Marketing.
- Learn how to apply decision making tools: Statistical tools, research tools, and behavioral decision tools.
- Factor analysis.
- Cluster analysis.
- Segmentation using factor and cluster analysis.
- Conjoint analysis.
- Causal Inference-how to interpret data and statistical results.
- Measuring consumer preferences.
- Learn how to avoid decision making biases: Confirmation bias, overconfidence, bias blind spot, and anchoring.
- Learn how to collect data, analyze it, and interpret the results.
Detailed Description of Assessment Methods
Students evaluations rules are detailed at the beginning of the course and available in the Syllabus of the course
Attending and non-attending students:
- articles and papers selected by the instructors and indicated on the Learning Space
- slides uploaded on Learning Space
- datasets uploaded on Learning Space
- note on the design and use of regression (see pages 9-18 of the syllabus)
Basic knowledge of statistics including t-tests, cross-tabs and chi-square tests, ANOVA, and linear regression
Students need SPSS and EXCEL on their laptops.
Last change 07/07/2015 11:26