Institut für Risikomanagement und Versicherung

Links und Funktionen



Hauptseminar: Behavioral Risk Management and Insurance

Prof. Dr. Andreas Richter; Dr. Lu Li

Course Description

During the summer term 2021, the Institute for Risk Management and Insurance will offer this seminar on ibehavioral risk management and insurance. 

Extensive evidence shows that individuals do not always behave as predicted by classic economic theory. This is especially true in decision making under risk and uncertainty. Behavioral economic models combine insights from psychology and economics to give alternative explanations for individuals’ behavior in the pres-ence of risk and uncertainty.

The seminar targets to familiarize the participants with the main concepts, methods, and empirical findings of behavioral risk management and insurance. This includes the preparation and presentation of a home assignment as well as participating in the discussion during joint sessions. The seminar covers theoretical, empirical and experimental research topics. The topics will be discussed with active involvement of the participants. Learning and research strategies are to be conveyed, so that students are empowered to acquaint themselves with a scientific problem and read up on relevant literature. Furthermore, as a basis for the Bachelor Thesis, students should be familiarized with the independent composition of a scientific piece of work.

Course Format

Detailed information will follow.

Further Information

  • Syllabus 
  • LSF
  • BWL students please find important information on the application process and deadline here. The application in LSF is active from November 16, 2020 to November 23, 2020.
  • Students of Bachelor Business Mathematics (Wirtschaftsmathematik) may participate after a successful registration via email to with your CV, matriculation number and transcript (Kontoauszug) before February 24, 2021. An email will be sent to you no later than February 26, 2021 to tell you whether your registration is successful.