MODULE | Vilnius | 6-7 March, 2026
Strategic Decision Making
With Prof. Dr. Mihael A Jeklic (King’s College London)
Overview
This module offers an interdisciplinary overview of decision-making, highlighting how recent advances in cognitive psychology influence judgment and choice. It combines theoretical discussions with cognitive and interpersonal exercises and applied simulation cases to give students both a solid understanding and practical experience. Key topics include decision analysis and game theory for evaluating uncertainty and strategic interaction, the dual process theory explaining human judgment, and cognitive-behavioral models such as heuristics, bounded awareness, and prospect theory.
Key topics:
- Decision analysis and probabilistic thinking
- Strategic interactions through game theory
- Dual process theory: fast vs slow thinking
- Cognitive biases and debiasing strategies
- Bounded awareness and rationality
- Prospect theory and reversal of preferences.
After this course you will be able to:
- Develop a working knowledge of probabilistic modeling (decision analysis) relevant to legal and business contexts, enabling you to analyze decision problems of intermediate complexity.
- Understand behavioral decision research, particularly in relation to judgment and common errors in decision-making processes.
- Critically examine and assess both your own and others’ decision-making processes, identifying biases and judgmental errors.
- Apply the acquired knowledge flexibly and creatively in unfamiliar situations, synthesizing ideas and information to generate innovative and transformative solutions.
- Use personal reflection to analyze your actions in light of the descriptive theory presented.
Price of the module – 2300 EUR
Limited seats available
Faculty
Mihael Jeklic
- A lecturer (Assistant Professor) and the Director of Professional Skills at King’s College London.
- Before joining academia, Mihael was a teaching assistant at the Negotiation Project at Harvard during his studies.
- Spent 10 years as an investment banker with a development bank in London and as a consultant advising a government in banking privatization.
- His academic research focuses on (social) cognition in negotiation and strategic decision making with a special emphasis on cognitive bias and debiasing techniques. Mihael has a law degree from Harvard and a PhD in cognitive psychology from UCL.
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