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

4.00 ECTS (2.00 SWS), SPL 4 - Wirtschaftswissenschaften

Moodle

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

Monday 25.01.2021 15:00 - 17:45 Digital Thursday 25.02.2021 15:00 - 17:45 Digital Wednesday 26.05.2021 16:45 - 19:30 Hörsaal 1 Oskar-Morgenstern-Platz 1 Erdgeschoß Thursday 23.09.2021 15:00 - 17:45 Hörsaal 1 Oskar-Morgenstern-Platz 1 Erdgeschoß

Lecturers

Andrea Gaunersdorfer

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