Universität Wien
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040212 VO Decisions under Uncertainty (MA) (2020W)

4.00 ECTS (2.00 SWS), SPL 4 - Wirtschaftswissenschaften

Registration/Deregistration

Note: The time of your registration within the registration period has no effect on the allocation of places (no first come, first served).

Details

Language: English

Examination dates

Lecturers

Classes (iCal) - next class is marked with N

The lecture is only held digitally.
5.10., 15 Uhr: online meeting via Collaborate

  • Monday 05.10. 15:00 - 16:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Monday 12.10. 15:00 - 16:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Monday 19.10. 15:00 - 16:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Monday 09.11. 15:00 - 16:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Monday 23.11. 15:00 - 16:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Monday 30.11. 15:00 - 16:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Monday 07.12. 15:00 - 16:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Monday 14.12. 15:00 - 16:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Monday 11.01. 15:00 - 16:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Monday 18.01. 15:00 - 16:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.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.

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, 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.

Examination topics

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

Reading list

A. Gaunersdorfer, Decisions under Unvertainty, Lecture, September 2020.

Please find more literature in the notes and at
http://homepage.univie.ac.at/andrea.gaunersdorfer/teaching/decisions.html

Association in the course directory

Last modified: Fr 12.05.2023 00:12