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This entry is from Winter semester 2016/17 and might be obsolete. No current equivalent could be found.

M-BF — Behavioral Finance
(dt. Behavioral Finance)

Level, degree of commitment Specialization module, compulsory elective module
Forms of teaching and learning,
Lehr- and Lernformen: - 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
Translation missing. German original:
Präsentation (2 LP) und Klausur (60 Minuten, 4 LP)
The grading is done with 0 to 15 points according to the examination regulations for the degree program M.Sc. Business Administration.
One semester,
each winter semester
Person in charge of the module's outline N.N.


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 beyond classical finance theory from the perspective of investors, corporate decision-makers and also at the market level. In addition, the integrated Students' Colloquium enables students to independently evaluate scientific findings at the current edge of relevant research and helps to prepare students for an empirically oriented final thesis.




Module imported from M.Sc. Business Administration.

When studying M.Sc. Mathematics, this module can be attended in the study area Minor subject Business Administration.

Recommended Reading

  • Relevant literature will be announced in the course.

Please note:

This page describes a module according to the latest valid module guide in Winter semester 2016/17. 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:

  • Winter 2016/17
  • Summer 2018
  • Winter 2018/19 (no corresponding element)
  • Winter 2019/20 (no corresponding element)
  • Winter 2020/21 (no corresponding element)
  • Summer 2021 (no corresponding element)
  • Winter 2021/22 (no corresponding element)
  • Winter 2022/23 (no corresponding element)
  • Winter 2023/24 (no corresponding element)

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.