This module is different: rather than proposing definite answers, in this seminar, we pose, reflect, and discuss relevant questions. Quantitative and methodological rigourous core modules are a natural and integral part of the M.Sc. Finance. But, we want to offer more for our students – we want to provide them with a holistic view on Finance.
In order to understand our present and the road ahead, it is essential to know about our past. A proverb, often assigned to Mark Twain, states that „history [typically] does not repeat itself, but rhymes“. By taking a deeper look into our (financial) history, we want to watch for certain behavioral patterns and/or factors that may reveal as relevant drivers of our development. Mathematics help us to model our economy, and history enables us to meaningfully interpret the results from theses models.
- Bernstein, Peter L. (1996): Against the Gods – The Remarkable Story of Risk; John Wiley & Sons.
- Chambers, David & Dimson, Elroy; [editors] (2016): Financial Market History – Reflections on the Past for Investors Today; CFA.
- Chancellor, Edward (2000): Devil Take the Hindmost – A History of Financial Speculation; Plume Book.
- Ferguson, Niall (2012): The Ascent of Money: A Financial History of the World; Penguin.
- Kindleberger, Charles P. & Aliber, Robert Z. (2011): Manias, Panics, and Crashes; Palgrave Macmillan.
- Poundstone, William (2005): Fortune’s Formula; Hill and Wang.
- Reinhart, Carmen M. & Rogoff, Kenneth S. (2011): This Time is Different – Eight Centuries of Financial Folly; Princeton University Press.
Photo Credit: Jana Tolle