160.612 (20S) Financial decision making

Sommersemester 2020

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Erster Termin der LV
17.03.2020 11:00 - 14:30 B01.0.203 On Campus
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Überblick

Lehrende/r
LV-Titel englisch Financial decision making
LV-Art Seminar (prüfungsimmanente LV )
Semesterstunde/n 2.0
ECTS-Anrechnungspunkte 4.0
Anmeldungen 18 (35 max.)
Organisationseinheit
Unterrichtssprache Englisch
LV-Beginn 17.03.2020
eLearning zum Moodle-Kurs

Zeit und Ort

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LV-Beschreibung

Intendierte Lernergebnisse

On completion of this course, it is expected that students will have a better familiarity with the main psychological theories on economic decision making. Moreover, it is expected an increased capacity of understanding and critical analyses of scientific articles in the field of decision making and financial decision making.



Lehrmethodik inkl. Einsatz von eLearning-Tools

Audio-visual presentation with the support of psychological research articles.

Inhalt/e

Financial decision making is a branch of cognitive psychology that studies how people make choices when money is involved. We make economics decisions every day. Knowing how and why we decide regarding our economic endeavors is essential because, as Daniel Kahneman wrote in the book Well-being: Foundations of hedonic psychology (1999), “Money does not buy you happiness, but lack of money certainly buys you misery.”

During this class, you will be introduced to the general concept of cognitive psychology and decision making. Moreover, you will learn about the main psychological theories of the field, that will be explained and demonstrated using several practical and applied examples.

The list of content that will be explained in this class are the following:

  • Introduction of cognitive psychology and decision making.
  • The expected utility theory and rational axioms.
  • The dual-process theory
  • Risk perception
  • The prospect theory
  • Heuristics
  • Nudges

Literatur

Scientific papers will be provided by the lecturer.

Prüfungsinformationen

Im Fall von online durchgeführten Prüfungen sind die Standards zu beachten, die die technischen Geräte der Studierenden erfüllen müssen, um an diesen Prüfungen teilnehmen zu können.

Prüfungsmethode/n

Individual presentation and essays

Prüfungsinhalt/e

Financial decision making 

Beurteilungskriterien/-maßstäbe

  • Participation in group works
  •  Individual written assignments and oral presentations
  • Regular Attendance (at least 75%)

Beurteilungsschema

Note Benotungsschema

Position im Curriculum

  • Bachelorstudium Psychologie (SKZ: 640, Version: 11W.5)
    • Fach: Arbeits-, Organisations- und Wirtschaftspsychologie (Wahlfach)
      • Arbeits-, Organisations- und Wirtschaftspsychologie ( 0.0h XX / 12.0 ECTS)
        • 160.612 Financial decision making (2.0h SE / 4.0 ECTS)
          Absolvierung im 3., 4., 5., 6. Semester empfohlen

Gleichwertige Lehrveranstaltungen im Sinne der Prüfungsantrittszählung

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