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Behavioral Finance
(dt. Behavioral Finance)

Level, degree of commitment Specialization module, compulsory elective module
Forms of teaching and learning,
workload		 Lecture, Students‘ Colloquium, private study,
180 hours (attendance: 45 hours, preparation and follow-up: 55 hours, Vorbereitung Vortrag: 25 hours, Vorbereitung Abschlussklausur: 55 hours)
Credit points,
formal requirements		 6 CP
Course requirement(s): Presentation (10-30 minutes)
Examination type: Written examination
Language,
Grading		 English,
The grading is done with 0 to 15 points according to the examination regulations for the degree program M.Sc. Business Administration.
Duration,
frequency		 One semester,
each winter semester
Person in charge of the module's outline Prof. Dr. Oscar A. Stolper

Contents

Building on a focused review of the central concepts of rational decision making under uncertainty, students in this course will first become comprehensively familiar with prospect theory as the most widely used formalized alternative to expected utility theory. In addition, students in this course will receive an introduction to experimental behavioral research and a comprehensive overview of behavioral and capital market anomalies identified to date. The module is rounded off by a presentation in the integrated Students' Colloquium, in which participants work independently in small groups to understand and present the methodological approach and empirical findings of a selected scientific research paper.


Qualification Goals

After successful participation in the module, students are comprehensively familiar with the concept and methodological tools as well as, in particular, with the explanatory contribution of behavioral finance from the perspective of investors, corporate decision-makers and also at the market level, which goes beyond classical finance theory.


Prerequisites

None.


Applicability

Module imported from M.Sc. Business Administration.

When studying M.Sc. Business Mathematics, this module can be attended in the study area Free Compulsory Elective Modules.

The module is assigned to the focus area Accounting and Finance. Further information on eligibility can be found in the description of the study area.


Recommended Reading

(not specified)



Please note:

This page describes a module according to the latest valid module guide in Winter semester 2023/24. Most rules valid for a module are not covered by the examination regulations and can therefore be updated on a semesterly basis. The following versions are available in the online module guide:

The module guide contains all modules, independent of the current event offer. Please compare the current course catalogue in Marvin.

The information in this online module guide was created automatically. Legally binding is only the information in the examination regulations (Prüfungsordnung). If you notice any discrepancies or errors, we would be grateful for any advice.