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Further information about on-site teaching can be found at https://studieren.univie.ac.at/en/info.

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

4.00 ECTS (2.00 SWS), SPL 4 - Wirtschaftswissenschaften

Registration/Deregistration

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 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: We 07.10.2020 13:47