Statistics, Finance and Actuarial sciences

Learning goals. The course is meant to expose students to a number of major topics in Economics of Risk and Ambiguity, linking theory with some empirical regularities. Knowledge and understanding. The course is supposed to broaden students' knowledge of the various theories, both classical and behavioural, their implication and the way these are empirically and/or experimentally verified. Applying knowledge and understanding. Upon successful completion of the course, students will be able to understand the main classic theories of choice under risk and ambiguity, the rationale behind the alternative theories, their implication and relevance in explaining the empirical regularities, which are not captured by standard approaches. Making judgements. The course develops in a way to spurs students on inferring theories from empirical evidence. Such an approach is supposed to provide them with instruments to analyse critically situations, both theoretical and empirical, that involve judgement under risk and ambiguity. Communication skills. Through study and hands-on sessions, students will acquire the terminology characterising the discipline, which they are required to use in both written and oral examinations. Learning skills. Students who complete the course successfully will be acquainted with a method of analysis enabling them to tackle the main economic issues concerning judgment under risk and ambiguity, both in subsequent economic courses and in the fruition and participation to the public debate.