Date |
Topics |
03.10.2019
|
Welcome Week: Science Day
|
10.10.2019
|
Topics:
- Introduction
- Expected Utility Theory (until slide II.18, p.8))
- Introductory examples, Bernoulli principle
- Lotteries and their graphical representation
Link: Bernoulli family
|
17.10.2019
|
Topics:
- Expected Utility Theory
- Axioms underlying Expected Utility Theory
- Expected Utility Theorem (until slide II.27, p.11)
|
24.10.2019
|
Topics:
- Expected Utility Theory
- Some remarks on the expected utility theorem
- Geometric representation in the state space
- Demand for insurance (until slide II.44, p.17)
|
31.10.2019
|
Topics:
- Risk aversion (until slide III.23)
Link: Taylor Polynomials
|
07.11.2019
|
Topics:
- Risk aversion
- Comparisons across wealth levels
- Examples (until slide III.40)
|
14.11.2019
|
Topics:
- Stochastic Dominance and Risk Comparisons
- State dominance
- First order stochastic dominance
- Increases in risk:
Mean-preserving spread, second order stochastic dominance (until slide IV.29)
|
21.11.2019
HS 9
|
Topics:
- Stochastic Dominance and Risk Comparisons
- Mean-preserving spread, second order stochastic dominance: Examples
- Increases in risk: different criteria
- Mean-Variance Approach (until slide V.3)
|
28.11.2019
|
Topics:
- Mean-Variance Approach (until slide V.26)
|
05.12.2019
|
Topics:
- Mean-Variance Approach: Theoretical limitations
- Empirical Facts (until slide VI.11)
|
12.12.2019
|
Topics:
- Empirical Facts
- Prospect Theory (until slide VII.19)
|
19.12.2019
|
Christmas holidays
|
26.12.2019
|
Christmas holidays
|
02.01.2020
|
Christmas holidays
|
09.01.2020
|
Topics:
- Prospect Theory (until slide VII.53)
|
16.01.2020
|
Topics:
- Prospect Theory
- Shortcomings of Prospect Theory
- Rank dependence and Cumulative Prospect Theory
- Role of Information in Decision Making under Risk (until slide VIII.7)
|
23.01.2020
|
Topics:
- Role of Information in Decision Making under Risk (until slide VIII.29)
|
|
Do not forget to register for the exam!
Registration for the lecture does not include registration for the exam.
Check after registration that your status is "vorgemerkt" / "Pregistered".
The final registration is made after the end of the registration period.
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.
Bachelor students are not allowed to take the exam.
Students not being registered are not allowed to take the exam.
|
Thu, 30.01.202ß
14:00-16:00
|
HS 6: 1st Examination date
|
Thu, 27.02.2020
15:00-17:00
|
HS 1: 2nd Examination date
|
Wed, 27.05.2019
14:00-16:00
|
HS 4: 3rd Examination date
|
Thu, 24.09.2019
15:00-17:00
|
HS 1: 4th Examination date
|