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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 (2 SWS) and recitation class (2 SWS),
(attendance: 45 hours, preparation and follow-up: 90 hours, Vorbereitung Abschlussklausur: 45 hours)
Credit points,
formal requirements		 6 CP
Course requirement(s):
Examination type: Written examination. IMPORTANT: This module is offered by FB02; the exam can only be retaken twice.
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

Based on a targeted repetition of the central concepts of rational decision-making under uncertainty, the participants of the lecture are first comprehensively familiarized 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.


Qualification Goals

After completing the module, students will be able to

  • explain the explanatory contribution of behavioral finance beyond classical financial theory from the perspective of investors, corporate decision-makers and at market level,
  • understand and analyze psychological influences on investment decisions,
  • process the relevant empirical studies from behavioral finance and
  • apply the findings of behavioral finance in practice, e.g. in the design of so-called 'nudges'.

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 2025/26. 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.