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4709216: Decision Theory

Semester:SS 19
Type:Seminar
Language:English
Scheduled in semester:4
Semester Hours per Week / Contact Hours:30.0 L / 22.5 h
Self-directed study time:67.5 h

Module coordination/Lecturers

Curricula

Bachelor's degree programme in Business Administration (01.09.2012)

Description

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

Qualifications

    • 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.

Lectures Method

Lecture with interactive elements, group work, presentation

Literature

  • Thorsten Hens & Marc Oliver /Rieger: Financial Economics, 2010, Springer (supplementary)

Exam Modalities

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

Dates

DatumZeitRaum
19.02.201910:00 - 11:30S2
26.02.201910:00 - 11:30S2
12.03.201910:00 - 11:30S2
26.03.201910:00 - 11:30S2
02.04.201910:00 - 11:30S2
09.04.201910:00 - 11:30S2
16.04.201910:00 - 11:30S2
30.04.201910:00 - 11:30S2
07.05.201910:00 - 11:30S2
14.05.201910:00 - 11:30S2
21.05.201910:00 - 11:30S2
28.05.201910:00 - 11:30S2

Exams

  • PWW-BA-12_Decision Theory - SE1 (SS 19, bestätigt)