The goal of this course is to provide an introduction to Behavioral Finance. We start with an over-view of classical paradigms of decision making of individual investors and other participants in financial markets. We then link individual behavior to market anomalies, describe and explain market inefficiencies as well as potential trading strategies, and discuss psychological biases and other limitations of investors that might generate those anomalies. In a last part, the course deals with behavioral aspects in corporate finance.
The aim of the course is to provide students with knowledge of the main concepts, methods, and empirical findings of Behavioral Finance. Thereby, the course covers theoretical, empirical, and experimental research as well as recent applications in practice.
The tutorials accompany the lectures in Behavioral Finance.
Please take a look at the syllabus for further information.
- Teacher: Benjamin Dillinger