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
- 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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Suoritustapojen osat
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Osallistuminen opetukseen (5 op)
Tyyppi:
Osallistuminen opetukseen
Arviointiasteikko:
0-5
Suorituskieli:
englanti