363-0564-00L Entrepreneurial Risks
| Semester | Frühjahrssemester 2020 |
| Dozierende | D. Sornette |
| Periodizität | jährlich wiederkehrende Veranstaltung |
| Lehrsprache | Englisch |
Lehrveranstaltungen
| Nummer | Titel | Umfang | Dozierende | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 363-0564-00 G | Entrepreneurial Risks | 2 Std. |
| D. Sornette |
Katalogdaten
| Kurzbeschreibung | Dimensions of risks with emphasis on entrepreneurial, financial and social risks. What young entrepreneurs need to know from start-up creation to investment in innovation Perspectives on the future of innovation and how to better invent and create How to innovate and scale up and work with China Dynamical risk management and learning from the failure of others |
| Lernziel | We live a in complex world with many nonlinear negative and positive feedbacks. Entrepreneurship is one of the leading human activity based on innovation to create new wealth and new social developments. This course will analyze the risks (upside and downside) associated with entrepreneurship and more generally human activity in the firms, in social networks and in society. The goal is to present what we believe are the key concepts and the quantitative tools to understand and manage risks. An emphasis will be on large and extreme risks, known to control many systems, and which require novel ways of thinking and of managing. We will examine the questions of (i) how much one can manage and control these risks, (ii) how these actions may feedback positively or negatively and (iii) how to foster human cooperation for the creation of wealth and social well-being. The exam will be in the format of multiple choice questions. |
| Inhalt | PART I: INTRODUCTION Lecture 1 (19/02): Risks (and opportunities) in the economic, entrepreneurial and social spheres (D. Sornette) PART II: START-UPS AND INVESTMENT IN INNOVATION Lecture 2 (26/02): Setting the landscape on entrepreneurship and private investment (P. Cauwels) Lecture 3 (04/03 and 11/03): Corporate finance (P. Cauwels) Lecture 4 (18/03): Legal, governance and management (P. Cauwels) Lecture 5 (25/03): Investors in the innovation economy (P. Cauwels) PART III: HOW TO PREDICT THE FUTURE Lecture 6 (01/04): Historical perspective (P. Cauwels) Lecture 7 (08/04): The logistic equation of growth and saturation (D. Sornette) Lecture 8 (22/04): Future perspective (P. Cauwels) Lecture 9 (29/04): The fair reward problem, the illusion of success and how to solve it (P. Cauwels) PART IV: HOW TO WORK WITH CHINA “if China succeeds, the world succeeds; if China fails, the world fails” (D. Sornette). Lecture 10 (06/05): The macro status in China and the potential opportunity and risks for the world (K. Wu) Lecture 11 (13/05): The collision of the two opposite mindsets: Innovation and Entrepreneurship in China and Switzerland (K. Wu) PART V: ESSENTIALS ON DYNAMICAL RISK MANAGEMENT Lecture 12 (20/05): Principles of Risk Management for entrepreneurship (D. Sornette) Lecture 13 (27/05): The biology of risks and war principles applied to management (D. Sornette) |
| Skript | The lecture notes will be distributed a the beginning of each lecture. |
| Literatur | I will use elements taken from my books -D. Sornette Critical Phenomena in Natural Sciences, Chaos, Fractals, Self-organization and Disorder: Concepts and Tools, 2nd ed. (Springer Series in Synergetics, Heidelberg, 2004) -Y. Malevergne and D. Sornette Extreme Financial Risks (From Dependence to Risk Management) (Springer, Heidelberg, 2006). -D. Sornette, Why Stock Markets Crash (Critical Events in Complex Financial Systems), (Princeton University Press, 2003) as well as from a variety of other sources, which will be indicated to the students during each lecture. |
| Voraussetzungen / Besonderes | -A deep curiosity and interest in asking questions and in attempting to understand and manage the complexity of the corporate, financial and social world -quantitative skills in mathematical analysis and algebra for the modeling part. |
Leistungskontrolle
| Information zur Leistungskontrolle (gültig bis die Lerneinheit neu gelesen wird) | |
Leistungskontrolle als Semesterkurs | |
| ECTS Kreditpunkte | 3 KP |
| Prüfende | D. Sornette |
| Form | benotete Semesterleistung |
| Prüfungssprache | Englisch |
| Repetition | Repetition nur nach erneuter Belegung der Lerneinheit möglich. |
| Zusatzinformation zum Prüfungsmodus | Online Exam in the format of multiple choice questions on the xYotta platform of the chair of Entrepreneurial Risks. |
Lernmaterialien
| Keine öffentlichen Lernmaterialien verfügbar. | |
| Es werden nur die öffentlichen Lernmaterialien aufgeführt. |
Gruppen
| Keine Informationen zu Gruppen vorhanden. |
Einschränkungen
| Keine zusätzlichen Belegungseinschränkungen vorhanden. |
Angeboten in
| Studiengang | Bereich | Typ | |
|---|---|---|---|
| GESS Wissenschaft im Kontext (Science in Perspective) | Ökonomie | W |  |
| GESS Wissenschaft im Kontext (Science in Perspective) | D-MTEC | W | |
| Management, Technologie und Ökonomie Master | Wahlfächer | W | |