Module content

Are students and business executives’ objective, rational decision-makers who will appropriately use the analytical tools they learned in their MBA program? Although we hope so, a growing body of research confirms something our personal experience suggests: that much of the time, most of us are neither particularly rational nor particularly objective. The research shows that we tend to have a poor understanding of logic and of the basic principles of probability necessary for good decision-making, and that our reasoning tends to be flawed in predictable ways that reflect the influence of fallacies, biases, and mental shortcuts. It also shows that we tend to be overconfident in our own levels of knowledge and reasoning ability, and that we tend to have a poor awareness of our own reasoning processes. In Judgment in Managerial Decision Making, Max Bazerman says that to improve our decision-making, we need: A vision of what a rational decision-making process looks like (to give us a “yardstick” against which to measure our own processes). Knowledge of the pitfalls to which all human reasoning is subject, so that we can “unfreeze” our uncritical and biased thought patterns. A willingness to practice thinking critically so that we “refreeze” our thinking in unbiased ways. This module is designed to provide you such a vision.

Module title

Critical Thinking and Creativity

Module status






Number of hours:

60 [(L+E+S) = 40 + 0 + 20 ]

L= lectures; S= seminars; E= exercises;


Module tag



Kopal, R.; Korkut, D.(2014): "Tehnike kompetitivne analize", Visoko učilište Effectus; alt.
Kopal, R.; Korkut, D.(2011): "Kompetitivna analiza 2: strukturirane i kreativne analitičke tehnike", Comminus d.o.o. i Visoko učilište Effectus

Supplementary literature

1.Paul R. i Elder, L. (2013): Critical Thinking: Tools for Taking Charge of Your Professional and Personal Life, Prentice Hall.
2.Damer, T. E. (2009): Attacking Faulty Reasoning: A Practical Guide to Fallacy-Free Arguments, Sixth Edition, Wadsworth Cengage Learning.
3.Moore,B. N. and Parker, R. (2014): Critical Thinking, 11th edition, McGraw-Hill.
4.Kahneman, D. and Tversky, A. (1974): Judgment under Uncertainty: Heuristics and Biases, Science.
5.Michalko, M. (2006): Thinkertoys: A Handbook of Creative-Thinking Techniques. Ten Speed Press.
6.Paul R. and Elder, L. (2012): 30 Days to Better Thinking and Better Living Through Critical Thinking: A Guide for Improving Every Aspect of Your Life, FT Press.
7.Kahneman, D. (2013): Thinking, Fast and Slow, Farrar, Straus and Giroux.
8.Elder, L. and Paul, R. (2003): The Foundations of Analytic Thinking: How to Take Thinking Apart and What to Look for When You Do, Dillon Beach, CA: Foundation for Critical Thinking.