Blocked Course:
​Economic Foundations and Applications of Risk  (LMU, 2024)
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Dates & Location

• 08./09./10.10. 2024 — 10:00-17:00
• Schellingstraße 3
• Room 203
  

Lecture slides

​0. Introduction [Slides] [​Annotated Slides]
A. Foundations
            Chapter 1: Expected Utility Theory [Slides] [Annotated Slides]
            Chapter 2: Measures of Risk Aversion [Slides] [Annotated Slides]
            Chapter 3: Measures of Risk [Slides] [Annotated Slides]
B. Applications
            Chapter 4: Optimal Portfolio Choice [Slides] [Annotated Slides]
            Chapter 5: Insurance Markets [Skipped: See Insurance Economics Lecture next semester]
            Chapter 6: Firms under Uncertainty [Slides] [Annotated Slides]
            Chapter 7: Pareto Efficient Allocation of State-Dependent Income [Slides] [Annotated Slides]
            Chapter 8: The Value of Information [​Slides] [Annotated Slides]
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Exercises

• Exercises for Foundations (Chapters 1-3) [Exercises 1]
• Exercises for Applications (Chapters 4-8) [Exercises 2] [Solution to Exercise 1b]
• Exercise Solutions & Class Notes [Day 1] [Day 2] [Day 3]

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Old exam

• Exam 2023 [Exam] [Solution]
  • Recommendation: Try to solve the exam on your own before looking at the solution

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