Universität Wien

040018 VK KFK CF/FI/FM: Behavioural Finance (2017S)

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. 50 participants
Language: English

Lecturers

Classes (iCal) - next class is marked with N

The first lecture will take place on 15.03.2017 (no lectures on 01.03 and 08.03)

  • Wednesday 01.03. 15:00 - 18:15 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
  • Wednesday 08.03. 15:00 - 18:15 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
  • Wednesday 15.03. 15:00 - 18:15 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
  • Wednesday 22.03. 15:00 - 18:15 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
  • Wednesday 29.03. 15:00 - 18:15 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
  • Wednesday 05.04. 15:00 - 18:15 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
  • Wednesday 26.04. 15:00 - 18:15 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
  • Wednesday 03.05. 15:00 - 18:15 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
  • Wednesday 10.05. 15:00 - 18:15 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
  • Friday 19.05. 13:15 - 16:30 Hörsaal 9 Oskar-Morgenstern-Platz 1 1.Stock
  • Monday 22.05. 11:30 - 14:45 Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
  • Wednesday 31.05. 15:00 - 18:15 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
  • Wednesday 07.06. 15:00 - 18:15 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
  • Wednesday 14.06. 15:00 - 18:15 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
  • Wednesday 21.06. 15:00 - 18:15 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
  • Wednesday 28.06. 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, there is 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