Universität Wien FIND
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040018 KU Advanced BA/CF/FM: Behavioural Finance (MA) (2019S)

4.00 ECTS (2.00 SWS), SPL 4 - Wirtschaftswissenschaften
Continuous assessment of course work

Details

max. 50 participants
Language: English

Lecturers

Classes (iCal) - next class is marked with N

Final Exam at June 26.

Wednesday 06.03. 08:00 - 09:30 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
Wednesday 13.03. 08:00 - 09:30 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
Wednesday 20.03. 08:00 - 09:30 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
Wednesday 27.03. 08:00 - 09:30 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
Wednesday 03.04. 08:00 - 09:30 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
Wednesday 10.04. 08:00 - 09:30 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
Wednesday 08.05. 08:00 - 09:30 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
Wednesday 15.05. 08:00 - 09:30 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
Wednesday 22.05. 08:00 - 09:30 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
Wednesday 29.05. 08:00 - 09:30 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
Wednesday 05.06. 08:00 - 09:30 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
Wednesday 12.06. 08:00 - 09:30 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
Wednesday 19.06. 08:00 - 09:30 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
Wednesday 26.06. 08:00 - 09:30 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 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 in the context of uncertainty 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

Assessment and permitted materials

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

Minimum requirements and assessment criteria

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.

Examination topics

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

Reading list

Will be made available in Moodle.

Association in the course directory

Last modified: Fr 28.06.2019 06:07