040212 Decisions under Uncertainty
 

Date
Topics
05.10.2015
 Topics:
  • Introduction
  • Expected Utility Theory
    • Introductory examples, Bernoulli principle
    • Lotteries and their graphical representation
12.10.2017
 Topics:
  • Expected Utility Theory
    • Axioms underlying Expected Utility Theory
    • Expected Utility Theorem
19.10.2017
 Topics:
  • Expected Utility Theory
    • Geometric representation in state space
    • Example: demand for insurance
  • Risk aversion: definition and characterization
26.10.2017
 National Holiday
02.11.2017
 All Souls' Day
09.11.2017
 Topics:
  • Risk aversion
    • certainty equivalent and risk premium
    • measuring risk aversion (absolute risk aversion)
Link: Taylor series
16.11.2017
 Topics:
  • Risk aversion
    • measuring risk aversion (relative risk aversion)
    • some commonly used utility functions
23.11.2017
 Topics:
  • Stochastic Dominance and Risk Comparisions:
    first oder stochastic dominance, mean preserving spread
30.11.2017
 Topics:
  • Stochastic Dominance and Risk Comparisions:
    mean preserving spread, second order stochastic dominance
07.12.2017
 Topics:
  • Stochastic Dominance and Risk Comparisions: example
  • Mean-Variance Approach
14.12.2017
 Topics:
  • Theoretical Limitations of the Mean-Variance Approach
  • Empirical Facts
21.12.2017
 Christmas holidays
28.12.2017
 Christmas holidays
04.01.2018
 Christmas holidays
11.01.2018
 Topics:
  • Empirical Facts (cont)
  • Prospect Theory
18.01.2018
 Topics:
  • Prospect Theory, Cumulative Prospect Theory
25.01.2018
 Topics:
  • Cumulative Prospect Theory: some remarks
  • Role of Information in Decision-Making under Risk
Do not forget to register for the exam!
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Students registered for a master program of another faculty please contact me if you are not registered after the end of the registration period such that we can register you for the exam.
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Students not being registered are not allowed to take the exam.
Thu, 01.02.2018
13.15-15.15
 HS 6: 1st Examination date -> information at u:find
Wed, 28.02.2018
15.00-17.00
 HS 6: 2nd Examination date -> information at u:find
Wed, 02.05.2018
15.00-17.00
 HS 6: 3rd Examination date -> information at u:find
Thu, 28.06.2018
15.00-17.00
 HS 1: 4th Examination date -> information at u:find