Universität Wien

040616 DK PhD-M: Advanced Topics of Organization, Controlling & Human Resources (2009W)

10.00 ECTS (2.00 SWS), SPL 4 - Wirtschaftswissenschaften
Continuous assessment of course work

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

max. 15 participants
Language: English

Lecturers

Classes (iCal) - next class is marked with N

  • Wednesday 07.10. 16:00 - 19:00 Hörsaal 13 Fakultätslounge
  • Wednesday 21.10. 16:00 - 19:00 Hörsaal 13 Fakultätslounge
  • Wednesday 28.10. 16:00 - 19:00 Hörsaal 13 Fakultätslounge
  • Wednesday 04.11. 16:00 - 19:00 Hörsaal 13 Fakultätslounge
  • Wednesday 18.11. 16:00 - 19:00 Hörsaal 13 Fakultätslounge
  • Wednesday 25.11. 16:00 - 19:00 Hörsaal 13 Fakultätslounge
  • Wednesday 16.12. 16:00 - 19:00 Hörsaal 13 Fakultätslounge
  • Wednesday 27.01. 16:00 - 19:00 Hörsaal 13 Fakultätslounge

Information

Aims, contents and method of the course

Prerequisites
Participants must wish to study and improve their understanding of incentive systems and social preferences. The course targets PhD students who are interested in interdisciplinary scientific contributions in the area of Controlling, Organisation, and Human Resources.

Description
This seminar explores traditional as well as recent approaches to preference modeling, in particular preferences towards risk and social preferences. It addresses the theories¿ foundations and specifically focuses on non expected utility models of risk preferences and other-regarding preferences. Further, the seminar participants will discuss particular application problems.

1 21.10.2009 Static non-expected utility theories of risk

2 28.10.2009 Process theories of risk (1)

3 04.11.2009 Process theories of risk (2)

4 18.11.2009 Other regarding preferences

5 25.11.2009 Proposal presentation

6 09.12.2009 Principal agent relationship

7 16.12.2009 Applications

8 14.01.2009 Critical discussion

9 21.01.2010 Review

Assessment and permitted materials

Attendance, preparation, and ability to present the arguments found in the literature above.

Minimum requirements and assessment criteria

Upon successful participation, the PhD student will be able to
1. define the theory of choice under risk,
2. describe the difference between expected and non-expected utility theory,
3. identify features of other-regarding preferences,
4. explain new forms of principal-agent relationships,
5. discover business applications such as Internet markets,
6. illustrate a model of inequity aversion and its criticism,
7. and contribute themselves to both the theoretical and empirical development in this area.

Examination topics

Presentation, co-moderation, and discussion

Specific procedure: each class meeting begins by randomly choosing a PhD student to take over the presentation. Thus, it is essential that every PhD student has thoroughly read and prepared a guideline for discussing the respective paper scheduled for this meeting. Due to this nature of the class, absence cannot be tolerated and leaves cannot be granted.

Reading list

The following contributions will be read and discussed:

Session 1: Weber, Martin (1987), ¿Recent Developments in Modelling Preferences under Risk¿, OR-Spektrum, Vol. 9, pp. 129-151.

Session 2: Starmer, Chris (2002), ¿Developments in non-expected utility theory: The hunt for a descriptive theory of choice under risk¿, Journal of Economic Literature, Vol. 38, No. 2, pp. 332-382.

Session 3: Weber, Elke U., and Johnson, Eric J.: Decisions Under Uncertainty (2009): Psychological, Economic, and Neuroeconomic Explanations of Risk Preference, in Glimcher, Paul W. [editor]: Neuroeconomics ¿ Decision Making and the Brain, Amsterdam et al.: Elsevier Academic Press.

Link: http://cnl.salk.edu/~terry/BGGN/CH010.pdf

Session 4: Fehr, Ernst, and Schmidt, Klaus M. (2003), ¿Theories of Fairness and Reciprocity: Evidence and Economic Applications,¿ in Dewatripont, M.; Hansen, L.P; and Turnovsky, S. J (eds.), Advances in Economics and Econometrics: Theory and Applications, Eight World Congress, Volume I. Cambridge, UK: Cambridge University Press. ch. 6, pp. 208¿257.

Session 5: Casadesus-Masanell, Ramon (2004), ¿Trust in Agency¿, Journal of Economics & Management Strategy, Vol. 13, No. 3, pp. 375-404.

Session 6: Bolton, Gary; Loebbecke, Claudia; Ockenfels, Axel (2008), ¿How Social Reputation Networks Interact with Competition in Anonymous Online Trading: An Experimental Study¿, Journal of Management Information Systems, 25(2), pp. 145-169.

Association in the course directory

Last modified: Mo 07.09.2020 15:29