Semester:SS 21
Art:Seminar
Sprache:Englisch
Plansemester:4
Lektionen / Semester:30.0 L / 22.5 h
Selbststudium:67.5 h
Art:Seminar
Sprache:Englisch
Plansemester:4
Lektionen / Semester:30.0 L / 22.5 h
Selbststudium:67.5 h
Modulleitung/Dozierende
- Dr. rer. oec. Matthias Herrmann-Romero, MSc
(Modulleitung)
- Assoz. Prof. Dr. Martin Angerer
(Co-Modulleitung)
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%)