Universität Wien
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040212 VO Decisions under Uncertainty (MA) (2022W)

4.00 ECTS (2.00 SWS), SPL 4 - Wirtschaftswissenschaften
ON-SITE
Moodle

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Details

Language: English

Examination dates

Lecturers

Classes (iCal) - next class is marked with N

  • Thursday 06.10. 15:00 - 16:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 13.10. 15:00 - 16:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 20.10. 15:00 - 16:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 27.10. 15:00 - 16:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 03.11. 15:00 - 16:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 10.11. 15:00 - 16:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 17.11. 15:00 - 16:30 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 17.11. 16:45 - 18:15 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Thursday 24.11. 15:00 - 16:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 01.12. 15:00 - 16:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 15.12. 15:00 - 16:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 12.01. 15:00 - 16:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 19.01. 15:00 - 16:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Monday 30.01. 15:00 - 17:45 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock

Information

Aims, contents and method of the course

The lecture gives an introduction to concepts of decision-making in situations involving risks.

Topics:
Introduction (what is decision theory, decisions under risk)
Expected utility theory
Risk aversion
Stochastic Dominance and Risk Comparisions
Some Remarks on the Mean-Variance Approach
Empirical Facts
Prospect Theory
Sequential Decisions and the Role of Information

For more details see
http://homepage.univie.ac.at/andrea.gaunersdorfer/teaching/decisions.html

Materials for home-learning will be provided on Moodle.
These serve as complementary additions to the script, which allow the student to independently study the material.
We will discuss formal concepts and examples during the classroom units.

A Repetition course accompanies this lecture as well as the lecture Basics of Finance.

Assessment and permitted materials

written exam about the topics discussed in the lecture

Permitted materials for the exam:
No documents (neither notes nor formularies) are allowed. A simple, non-programmable calculator, without matrix operations, which does not plot graphs, cannot solve equations, and does not compute derivatives or integrals is allowed.

Please note that mobile phones, smart watches etc. must be out of reach during the exam.

For more information please visit
http://homepage.univie.ac.at/andrea.gaunersdorfer/teaching/decisions.html

Minimum requirements and assessment criteria

For passing the exam you need 50% of possible points.

Please mind knowledge in mathematics and statistics needed:
https://finance.univie.ac.at/en/studies/master-banking-and-finance/admission-requirements/#c896648

Examination topics

Topics discussed in the lecture or for which material is provided in Moodle.

Reading list

A. Gaunersdorfer, Decisions under Uncertainty, lecture notes, 2022

http://homepage.univie.ac.at/andrea.gaunersdorfer/teaching/decisions.html

Association in the course directory

Last modified: We 20.09.2023 16:07