Decision making: biases and traps (S-ML0020)

Inter-company training

Duration

 8,00 hours(s)

8h

Language(s) of service

EN

Next session

 30.12.2026
Location
 Chambre des salariés - LLLC

Price

220,00€

Who is organizing this training?

Le Luxembourg Lifelong Learning Centre (LLLC), le centre de formation continue de la Chambre des salariés, dispose d'une large gamme de formations continues qui s’adressent à tout un chacun. Son offre de formation a pour objet de doter les apprenants pour autant que possible du savoir-faire approprié pour maîtriser un environnement de travail, des processus et des technologies, voire des aptitudes sociales, en constante évolution, et ce pour sécuriser au maximum leurs parcours professionnels. Le LLLC propose une panoplie importante de formations: des cours du soir; des séminaires, qui peuvent être adaptés sur mesure selon les besoins des entreprises; des formations universitaires; des formations spécialisées; des formations pour seniors; des certifications professionnelles.

Who is the training for?

Anyone interested in the subject

Goals

This session is inspired by Daniel Kahneman's best-selling book "Thinking, Fast and Slow" and enhances participants' abilities to:

  • explain the most relevant biases and pitfalls in everyday decision-making;
  • recognize situations in a professional context that require "slow thinking";
  • apply key learnings from Kahneman's concepts.

Contents

This course is designed for anyone interested in understanding how we make decisions under uncertainty and why we sometimes fall into cognitive traps.

  • How we make decisions: fast thinking vs slow thinking, and how these two systems shape our choices.
  • Situations where we are overly confident: why we tend to overestimate our abilities and how this distorts our decisions.
  • Base-rate neglect: our tendency to ignore essential statistical information in favour of misleading intuition.
  • The conjunction fallacy and the power of stories: how coherent narratives can feel more convincing than statistically probable facts.
  • Mental accounting and loss aversion: how emotions influence the way we perceive gains and losses.
  • Omission bias and probability effects: why we judge action and inaction differently and how we misinterpret risks.
  • Summary and best practices: key takeaways to help you make better, more systematic decisions.

Next session

Datum
City
Language and price
30.12.2026

31.12.2026
Chambre des salariés - LLLC
EN 220,00€

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