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Detailed information about the module

Module title:

Decision Theory

Module title (english):

Decision Theory

Module number:

82-021-BE01-H-0218

Level:

Bachelor (UNI)

Course of study:

Type:

Modul

Organising faculty/Language Center:

Wirtschaftswissenschaftliche Fakultät

Instructors responsible:

Langenmayr, Dominika

Examiners:

Credit points (ECTS):

competencies/skills:

- Students understand how decisions are actually made and how they should be made to achieve better outcomes with respect to the decision maker’s goals.
- Students understand common (and their own) flaws in decision-making.
- Students are familiar with the formal-mathematical methods to analyze decision-making.
- Students understand strategic interactions in decision-making.
- Students can apply the acquired knowledge to typical decision problems in the commercial sphere and in general socioeconomic interactions.

course content/topics:

- Decision Theory under Certainty
- Rational Choice under Certainty
- Decision-Making under Certainty
- Probability Assessment
- Rational Probability Assessment under Risk and Uncertainty
- Judgement under Risk and Uncertainty
- Decision Theory under Risk and Uncertainty
- Rational Choice under Risk and Uncertainty
- Decision-Making under Risk and Uncertainty
- Game Theory
- Static Games
- Dynamic Games
- Repeated Games

formal requirements of admission:

recommended qualifications:

Mathematics, Statistics I, Microeconomics

Lehr- und Lernformen/Lehrveranstaltungstypen:

- Lecture
- Tutorial

requirements for the attainment of ECTS points:

Written exam (90 minutes) at the end of the semester

workload/distribution of ECTS points within the module:

28 h = Time of attendance lecture
28 h = Preparation and postprocessing lecture
28 h = Time of attendance tutorial
28 h = Preparation and postprocessing tutorial
38 h = Exam preparation
150 h = Total workload

calculation of module marks:

Final Exam 100 %

teaching/learning method:

compatibility with other courses of study:

Turnus des Angebots:

Beteiligte Fachgebiete:

Bemerkung: