MGM721 - Seminar in Decision Theory

Outline information
Schools offering this subject
Last revision date Jul 27, 2020 12:36:13 PM
Last review date Jul 27, 2020 12:36:13 PM

Subject Title
Seminar in Decision Theory

Subject Description

This course will introduce students to the essentials and the use of decision theory in the hospitality industry. Topics will include decision-making processes, decision-making under risk and uncertainty, Bayesian decision theory, game theory, and group decision-making. Statistical software will be used to improve the student's overall understanding of relevant topics.

Credit Status
One credit.

Learning Outcomes
Upon successful completion of this subject the student will be able to:

Learning Outcomes will be provided by Professor.


  1. Written Communication 
  2. Oral communication
  3. Quantitative literacy
  4. Information literacy
  5. Creative thinking
  6. Ethical reasoning, personal and social responsibility
  7. Inquiry and analysis
  8. Critical thinking and problem solving
  9. Digital literacy
  10. Intercultural knowledge and global perspective

Essential Employability Skills
Communicate clearly, concisely and correctly in the written, spoken and visual form that fulfils the purpose and meets the needs of the audience.

Respond to written, spoken, or visual messages in a manner that ensures effective communication.

Apply a systematic approach to solve problems.

Locate, select, organize, and document information using appropriate technology and information systems.

Show respect for diverse opinions, values, belief systems, and contributions of others.

Interact with others in groups or teams in ways that contribute to effective working relationships and the achievement of goals.

Manage the use of time and other resources to complete projects.

Take responsibility for one's own actions, decisions, and consequences.

Academic Integrity
Seneca upholds a learning community that values academic integrity, honesty, fairness, trust, respect, responsibility and courage. These values enhance Seneca's commitment to deliver high-quality education and teaching excellence, while supporting a positive learning environment. Ensure that you are aware of Seneca's Academic Integrity Policy which can be found at: Review section 2 of the policy for details regarding approaches to supporting integrity. Section 2.3 and Appendix B of the policy describe various sanctions that can be applied, if there is suspected academic misconduct (e.g., contract cheating, cheating, falsification, impersonation or plagiarism).

Please visit the Academic Integrity website to understand and learn more about how to prepare and submit work so that it supports academic integrity, and to avoid academic misconduct.

All students and employees have the right to study and work in an environment that is free from discrimination and/or harassment. Language or activities that defeat this objective violate the College Policy on Discrimination/Harassment and shall not be tolerated. Information and assistance are available from the Student Conduct Office at

Accommodation for Students with Disabilities
The College will provide reasonable accommodation to students with disabilities in order to promote academic success. If you require accommodation, contact the Counselling and Accessibility Services Office at ext. 22900 to initiate the process for documenting, assessing and implementing your individual accommodation needs.