KTTS4160 Behavioral Finance (5 op)

Opinnon taso:
Syventävät opinnot
Arviointiasteikko:
0-5
Suorituskieli:
englanti
Vastuuorganisaatio:
Jyväskylän yliopiston kauppakorkeakoulu
Opetussuunnitelmakaudet:
2020-2021, 2021-2022, 2022-2023

Kuvaus

The lecture course gives a systematic treatment of behavioral finance starting from the arguments - limits to arbitrage and investor psychology - on which the approach is based on. Important concepts are heuristics, representativeness, overconfidence, anchoring, mental accounting, and disposition effect. The lecture course gives a thorough treatment of the key theories including the behavioral asset pricing theory by Shefrin and the prospect theory. Discussion of empirical evidence covers option markets, yield curve determination, and behavioral corporate finance in addition to the stock markets.

Osaamistavoitteet

After completion of the lecture course a student is able to
- understand how behavioral patterns impact asset pricing
- analyze impact of investor sentiment on market behavior
- to apply behavioral models to analyze market behavior

Lisätietoja

Lectured biannually in odd years, spring semester 4th period.

Oppimateriaalit

Lecture material and a textbook

Kirjallisuus

  • Shefrin, H. 2008. A Behavioral Approach to Asset Pricing (2nd edition); ISBN: 978-0123743565

Suoritustavat

Tapa 1

Kuvaus:
Lectures and a written exam
Arviointiperusteet:
A written exam
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Osallistuminen opetukseen (5 op)

Tyyppi:
Osallistuminen opetukseen
Arviointiasteikko:
0-5
Suorituskieli:
englanti
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