Semester:SS 13
Type:Seminar
Language:English
Scheduled in semester:4
Semester Hours per Week / Contact Hours:30.0 L / 22.5 h
Self-directed study time:37.5 h
Type:Seminar
Language:English
Scheduled in semester:4
Semester Hours per Week / Contact Hours:30.0 L / 22.5 h
Self-directed study time:37.5 h
Module coordination/Lecturers
- Assoz. Prof. Dr. Martin Angerer
(Modulleitung)
Curricula
Bachelor's degree programme in Business Administration (01.09.2012)Modules
Description
Behavioral Finance and Game Theory
Qualifications
- Are aware of the most common human biases in financial decision making.
- Understand how rational solutions can be found with classical decision models and are aware of the differences between these model solutions and the solutions humans normally take.
- They are able to use concepts and methods to solve games and can predict the behavior of involved players.
- Analyze games and decision situations.
- Combine the knowledge from various areas to create a risk profiler for a better understanding of clients` needs.
- Evaluate of Investments with PT.
- Explain and interpret the assumptions of these methods.
- Use methods and models on unknown decision situations. Calculate optimal solutions and equilibria.
- Evaluate behavioral decision methods in mini cases and find appropriate models for solving typical problems.
- Understand and critically discuss the arguments of fellow students.
- Work together in small groups to solve mini cases and small examples discussed in class.
- Evaluate the solutions of fellow students, explain carefully why they might be seen as right or wrong.
- Understand the flaws and problems of fellow students, reaction without offense.
- React to and defend their solution without being offended.
- Listen carefully, read and repeat, practice until they understand the logic and mathematics the models are based upon.
- Work together and motivate other students who tend to give up as a reaction to the difficulty of mathematical problems.
- Take responsibility and organize/explain solutions to others who have problems and tend to give up.
Lectures Method
Lecture, mini cases and experiments (online & in-class)
Literature
Thorsten Hens & KremenaBachmann: Behavioural finance for private banking, 2008, Wiley Finance