3707431: C12_Financial Decision Making

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Semester:SS 14
Lektionen / Semester:60.0 L / 45.0 h
Selbststudium:135.0 h



Bachelorstudiengang Betriebswirtschaftslehre (01.09.2012)


Decision Theory:

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

Quantitave analysis:
  • Data collection
  • Descriptive statistics
  • Inferential statistics
  • Introduction to R


    • Know the most prominent decision theories. They are aware of the important human biases in financial decision making.
    • Understand how rational solutions can be found by applying classical decision models and are aware of the differences between these model solutions and the solutions humans normally come up with.
    • Solve decision problems by using DT models and quantitative methods. They find the strategic aspect of a problem and transform it into a simplified game/problem.
    • Analyze decision situations and decide which approaches are useful to handle them.
    • Evaluate of Investments with EUT, MVT and PT.
    • Know methods in decision theory.
    • Know quantitative analysis methods to conduct financial research.
    • Explain and interpret the assumptions of these methods.
    • Use theories, 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 and analysis methods in mini cases and find appropriate models for solving typical problems.
    • Understand and critically discuss the arguments of fellow students.
    • Work on financial decision making problems and solve mini cases as well as examples in small groups and discuss them in front of class.
    • Evaluate the solutions of fellow students, explain carefully why they might be seen as right or wrong.
    • Understand the flaws and problems of fellow students, react on critical discussion without being offended.
    • React to other opinions and solutions and defend their own solution without being offended.
    • Listen carefully, read and repeat, practice until they understand the logic and mathematics the models are based upon.
    • Work together and motivate other students who tend to give up as a reaction to the difficulty of mathematical problems.
    • Take responsibility and organize/explain solutions to others

Voraussetzungen (inhaltlich)

Knowledge prerequisites:

Modul Mikroökonomie

  • Preferences and Utility
  • Decisions under risk and uncertainty

Voraussetzungen (formal)

Voraussetzung für die Anmeldung zum Modul:

  • erfolgreicher Abschluss von English I
  • erfolgreicher Abschluss von weiteren Modulen des 1. Regelstudienjahres im Umfang von weiteren 45 Credits.