040018 KU Advanced BA/CF/FM: Behavioural Finance (MA) (2021S)

4.00 ECTS (2.00 SWS), SPL 4 - Wirtschaftswissenschaften

Prüfungsimmanente Lehrveranstaltung

DIGITAL

Moodle

An/Abmeldung

Hinweis: Ihr Anmeldezeitpunkt innerhalb der Frist hat keine Auswirkungen auf die Platzvergabe (kein "first come, first served").

Anmeldung von Do 11.02.2021 09:00 bis Mo 22.02.2021 12:00
Anmeldung von Do 25.02.2021 09:00 bis Fr 26.02.2021 12:00
Abmeldung bis Mi 31.03.2021 23:59

Details

max. 50 Teilnehmer*innen

Sprache: Englisch

Lehrende

Thomas Gehrig

Termine (iCal) - nächster Termin ist mit N markiert

Attending the first meeting is mandatory.

    
    Montag
    01.03.
    09:45 - 11:15
    Digital
    
    Montag
    08.03.
    09:45 - 11:15
    Digital
    
    Montag
    15.03.
    09:45 - 11:15
    Digital
    
    Montag
    22.03.
    09:45 - 11:15
    Digital
    
    Montag
    12.04.
    09:45 - 11:15
    Digital
    
    Montag
    19.04.
    09:45 - 11:15
    Digital
    
    Montag
    26.04.
    09:45 - 11:15
    Digital
    
    Montag
    03.05.
    09:45 - 11:15
    Digital
    
    Montag
    10.05.
    09:45 - 11:15
    Digital
    
    Montag
    17.05.
    09:45 - 11:15
    Digital
    
    Montag
    31.05.
    09:45 - 11:15
    Digital
    
    Montag
    07.06.
    09:45 - 11:15
    Digital
    
    Montag
    14.06.
    09:45 - 11:15
    Digital
    
    Montag
    21.06.
    09:45 - 11:15
    Digital
    
    Montag
    28.06.
    09:45 - 11:15
    Digital

Information

Ziele, Inhalte und Methode der Lehrveranstaltung

Traditionally, financial economics assumes that investors and other market participants are perfectly rational. While this is a useful benchmark, a number of systematic biases and phenomena in people's behavior call for deeper analysis. The goal of this course is to discuss how these behavioral patterns affect financial markets and investors' decisions. This also allows to understand better, what rationality actually means.This also allows to understand better, what "rationality" actually means. context of rationality and risk.

We will start with describing the most relevant deviations (such as overconfidence, loss aversion and others), and we will continue with various financial applications. We will talk about bubbles, herding, implications for corporate decisions and investors' behavior.

Topics of the courses:
1. Psychological Biases
2. Limits to Arbitrage, Market Efficiency
3. Bubbles
4. Herding
5. Aggregate stock market
6. Investor Behavior
7. Behavioral Corporate Finance

Art der Leistungskontrolle und erlaubte Hilfsmittel

Exercises (25 points) , quizzes and participation (25 points) and final exam (50 points).

Mindestanforderungen und Beurteilungsmaßstab

50 points in total are required to pass the course.
60 points are required for grade 3, 70 points for grade 2 and 80 points for grade 1.

Prüfungsstoff