Philosophy & Economics

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Hier können Sie die Daten dieser Veranstaltung
im Intranet der Fachgruppe Philosophie sehen.



Veranstaltungsdaten
Veranstaltungstitel Rational Choice: From Classical Decision Theory to Behavioral Economics
Kennzeichen 50120 (BA) und 50351 (MA Elective)
Veranstaltungsart Blockseminar
Fachgruppe Philosophie
Semester Winter 2021
Dozent(en) Paolo Galeazzi
Empfehlung(en) Studiensemester BA höhere Fachsemester (> 6) (P&E Bachelor)
Bereich(e) P4*: Grundlagen des Entscheidens II
P6.iv: Entscheidungstheorie


Beschreibung

The course will present how the problem of rational choice was originally addressed and formalized (from the St. Petersburg paradox to von Neumann-Morgenstern and Savage). Next, we will focus on experimental and behavioral results (Allais paradox, Ellsberg paradox, Prospect Theory) which put into question, at least from a descriptive point of view, the classic paradigm of expected utility maximization, and we will consider alternative decision criteria (maxmin expected utility, regret minimization). Finally, we will consider how deviations from the paradigm of expected utility maximization may have a relevant impact on the financial markets.

Bitte zu beachten: "P4*" bedeutet nicht das neue P4* Erkenntnistheorie, sondern das alte P4* Grundlagen des Entscheidens II.



Anmeldungsmodalitäten

in presence



Erfordernisse zum Punkteerwerb

P4*: 2 ECTS
P6.iv: 5 ECTS

The students will have to present some relevant papers for the 2 ECTS, and to write a final essay for the 5 ECTS.



Zugehörige Termine
von - bis Ort  
Fri. 03.12.2021 - Sun. 05.12.2021 venue not decided yet
Fri. 10.12.2021 - Sun. 12.12.2021 venue not decided yet