Universität Wien

040013 VK KFK CF/FI/FM: Behavioural Finance (2016S)

8.00 ECTS (4.00 SWS), SPL 4 - Wirtschaftswissenschaften
Continuous assessment of course work
Moodle

Registration/Deregistration

Note: The time of your registration within the registration period has no effect on the allocation of places (no first come, first served).

Details

max. 200 participants
Language: English

Lecturers

Classes (iCal) - next class is marked with N

  • Wednesday 09.03. 15:00 - 18:15 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
  • Wednesday 16.03. 15:00 - 18:15 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
  • Wednesday 06.04. 15:00 - 18:15 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
  • Wednesday 13.04. 15:00 - 18:15 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
  • Wednesday 20.04. 15:00 - 18:15 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
  • Wednesday 27.04. 15:00 - 18:15 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
  • Wednesday 04.05. 15:00 - 18:15 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
    Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Wednesday 11.05. 15:00 - 18:15 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
  • Wednesday 18.05. 15:00 - 18:15 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
  • Wednesday 25.05. 15:00 - 18:15 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
  • Wednesday 01.06. 15:00 - 18:15 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
  • Wednesday 08.06. 15:00 - 18:15 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
  • Wednesday 15.06. 15:00 - 18:15 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
  • Wednesday 22.06. 15:00 - 18:15 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock

Information

Aims, contents and method of the course

Traditionally, Financial Economics assumes that investors and other market participants are perfectly rational. While this is a good first approximation, we currently know there are a number of systematic biases in people’s behaviour. The goal of this course is to discuss how these biases affect financial markets and investors’ decisions. 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’ behaviour.

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

Assessment and permitted materials

The grade will be based on the midterm and the final exam. A fraction can be also allocated to the homework exercises and class participation.

Minimum requirements and assessment criteria

Examination topics

Reading list

Association in the course directory

Last modified: Mo 07.09.2020 15:28