行为金融学在国内研究较少,此次上传的课件是英国大学的硕士课程,英文版 希望对大家有帮助
适用教材
Ackert, L. and Deaves, R.: “Behavioral Finance: Psychology, Decision-Making, and Markets”, South-Western (Cengage Learning), 2010 (first edition)
Veld, C. and Veld-Merkoulova, Y.V.: “The risk perceptions of individual investors”, Journal of Economic Psychology, 2008, 226-252
主要内容有十个章节
Lectures 1 and 2 (Tue. 14/1 and Tue. 21/1)
–Foundations of Finance I: Expected Utility Theory (AD, Ch. 1)
–Problems with Variance (VVM)
–Shortfall Measures (VVM)
–Investor Risk Perceptions (VVM)
–Foundations of Finance II: Asset Pricing, Market Efficiency, and Agency Relationships (AD, Ch. 2)
•Lecture 3 (Tue. 28/1)
–Prospect Theory, Framing, and Mental Accounting (AD, Ch. 3)
–Challenges to Market Efficiency (AD, Ch. 4)
Course Content
Lecture 4 (Tue. 4/2)
–Heuristics and Biases (AD, Ch. 5)
–Overconfidence (AD, Ch. 6)
–Emotional Foundations (AD, Ch. 7)
•Lectures 5 and 6 (Tue. 11/2 and 2nd hour of Tue. 18/2)
–Implications of Heuristics and Biases for Financial Decision-making (AD, Ch. 8)
–Implications of Overconfidence for Financial Decision-Making (AD, Ch. 9)
Lecture 6 (1st hour of Tue. 18/2)
–First hour: MC-class test
Covers the materials of lectures 1-3 (AD, Ch. 1-4 and VVM)
•Lecture 7 (Tue. 25/2)
–How Individual Investors Are Affected by Sentiments (AD, Ch. 10.2 and KLVVM)
–Individual Investors and the Force of Emotion (AD, Ch. 10)
–Behavioral Explanations for Anomalies (AD, Ch. 13)
Lectures 8 and 9 (Tue. 4/3 and 11/3)
–Do Behavioral Factors Explain Stock Market Puzzles? (AD, Ch. 14 and GKP)
–Rational Managers and Irrational Investors (AD, Ch. 15)
•Lecture 10 (Tue. 18/3)
–Behavioral Corporate Finance and Managerial Decision-Making (AD, Ch. 16)
–Behavioural Investing (AD, Ch. 19)
–Revision
Course Content