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5309216: C12_Decision Theory

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Semester:SS 22
Art:Seminar
Sprache:Englisch
Plansemester:4
Lektionen / Semester:30.0 L / 22.5 h
Selbststudium:67.5 h

Modulleitung/Dozierende

Studiengang

Bachelorstudiengang Betriebswirtschaftslehre (01.09.2012)

Beschreibung

  • Expected utility theory
  • Mean-variance theory
  • Prospect theory.
  • Asymmetric information
  • Market efficiency
  • Behavioral biases

Kompetenzen

    • know the most prominent decision theories.
    • understand how rational solutions may be achieved by using classical decision models.
    • know different levels of market efficiency and their implications
    • understand how information is processed on financial markets
    • solve decision problems by using DT models and methods. They find the strategic aspect of a problem and transform it into a simplified problem.
    • analyze decision situations.
    • evaluate Investments with EUT, MV and PT,. explain and interpret the assumptions of these methods.
    • know methods in decision theory.
    • use methods and models on unknown decision situations. Calculate optimal solutions and equilibria.
    • compare different methods for measuring and controlling risk and uncertainty in decision processes.
    • evaluate decision methods in mini cases and find appropriate models for solving typical problems.
    • understand and critically discuss the arguments of fellow students.
    • listen carefully, read and repeat, practice until they understand the logic and mathematics behind models.
    • work together and motivate other students who tend to give up as a reaction to the difficulty of mathematical problems.

Lehrmethoden

Lecture with interactive elements, group work, presentation

Literatur

  • Peterson, M. (2017). An Introduction to Decision Theory (2nd ed.). Cambridge University Press.
  • Allingham, M. (2002). Choice theory: A very short introduction. Oxford University Press.
  • Hens, T. & Rieger M. O. (2016). Financial Economics: A Concise Introduction to Classical and Behavioral Finance (2nd ed.). Springer.
  • Desai, M. (2017). The Wisdom of Finance: Discovering Humanity in the World of Risk and Return. Profile Books London.
  • Thorsten Hens & Marc Oliver /Rieger: Financial Economics, 2010, Springer (supplementary)

Prüfungsmodalitäten

  • written examination (70%)
  • presentation (30%)

Termine

DatumZeitRaum
15.02.202210:00 - 11:30S2
22.02.202210:00 - 11:30abgesagt/cancelled
08.03.202210:00 - 11:30S2
15.03.202210:00 - 11:30S2
15.03.202216:00 - 17:30H1
22.03.202210:00 - 11:30S2
29.03.202210:00 - 11:30S2
05.04.202210:00 - 11:30S2
12.04.202210:00 - 11:30S2
26.04.202210:00 - 11:30S2
03.05.202210:00 - 11:30S2
10.05.202210:00 - 11:30S2
17.05.202210:00 - 11:30S2
24.05.202210:00 - 11:30S2

Prüfungen

  • PWW-BA-12_Decision Theory - SE1 (SS 22, in Bewertung)