Theoretical teaching: 1) Decision making process (decision making and problem solving process; normative i descriptive decision making theory; preference relation and rationality rules; utility function). 2) Decision making model (decision table and decision parameters; rules of uncertainty and risk; dominant actions; decision tree). 3) Methods of selection (optimistic model; pessimistic model; combined model; min-maks remedial model; Laplace model). 4) Decision-making under risk conditions (probability and its application in decision-making; methods of selection under the conditions of risk; cardinal utility; usefulness of money; risk treatment; method of maximum expected utility; complete and incomplete information; preory and posteriori analysis; decision-making phases under risk conditions; Bayesian theorem). 5) Sequential and multiatributive decision-making (sequential decision-making; multiatributive decision-making; selection methods). 6) Game theory (definition and types of games; game model; games with two players; negotiation games). 7) Group decision making (theories of social choice; voting methods). Practical teaching (exercise): Na vežbama se rade odgovarajući primeri sa teorijske nastave kojima se uvežbava dato gradivo a samim tim vežbe doprinose i razumevanju datog gradiva.