News published by the Department of Management Control and Strategic Management

Invitation to the W&R guest lecture by Prof. Paolo Pellizzari

Dear Sir or Madam, dear guests,

The Department of Management Control and Strategic Management would like to invite you to the guest lecture by Paolo Pellizzari of Ca’Foscari University in Venice on the topic

(Mis)information, prudent traders and the equity premium puzzle

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Modelling realistic economic agents

Paolo Pellizzari and Friederike Wall are working on creating the basis for a unifying model of information-based decision-making by boundedly rational economic agents within the scope of a new research project. By means of this project, the research team aims to contribute to the continued advancement of agent-based computational economics (ACE). In doing so, the two researchers are simultaneously reinforcing the long-standing collaboration within the framework of the strategic cooperation between Ca’ Foscari University of Venice and the University of Klagenfurt.

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Building genuine (decision-making) behaviour into economic models

Economists endeavour to emulate the behaviour of actors in economic contexts in order to calculate the consequences. The difficulty is this: Many at times restrictive assumptions concerning the behaviour of actors do not reflect the real world. A new project funded by the Anniversary Fund of the OeNB (Oesterreichische Nationalbank) aims to get a better grasp on reality.

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A numbers person who models behaviour

Stephan Leitner realized at an early stage that he is a numbers person among the business and economics specialists, someone who feels more comfortable with the quantitative subjects than with the “softer” subjects. Today, following his recent habilitation, the newly minted associate professor pursues his research at the Department of Management Control and Strategic Management, where he is working on models that calculate the decision-making behaviour in companies as well as the effects of decisions, taking into account the behavioural sciences.

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