Universität Wien
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040212 VO Decisions under Uncertainty (MA) (2024W)

4.00 ECTS (2.00 SWS), SPL 4 - Wirtschaftswissenschaften
Moodle
Mo 20.01. 15:00-16:30 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock

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Details

Language: English

Examination dates

Lecturers

Classes (iCal) - next class is marked with N

  • Monday 07.10. 15:00 - 16:30 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Monday 14.10. 15:00 - 16:30 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Monday 21.10. 15:00 - 16:30 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Monday 28.10. 15:00 - 16:30 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Monday 04.11. 15:00 - 16:30 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Monday 11.11. 15:00 - 16:30 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Monday 18.11. 15:00 - 16:30 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Monday 25.11. 15:00 - 16:30 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Monday 02.12. 15:00 - 16:30 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Monday 09.12. 15:00 - 16:30 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Monday 16.12. 15:00 - 16:30 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Monday 13.01. 15:00 - 16:30 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 it is not allowed to have any WiFi or Bluetooth capable devices with you.
Mobile phones, smart watches etc. must be out of reach and switched off 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, script, 2024

For further references see
http://homepage.univie.ac.at/andrea.gaunersdorfer/teaching/decisions.html

Association in the course directory

Last modified: Fr 13.12.2024 17:25