Behavioral Finance

2021/2022

Academic Year

ENG

Instruction in English

3

ECTS credits

Delivered at:

School of Economics and Finance

Course type:

Elective course

When:

2 year, 2 module

Instructor

Bozhya-Volya, Anastasiya A.

Course Syllabus

Abstract

Behavioral finance is the study of these and dozens of other financial decision-making errors that can be avoided, if we are familiar with the biases that cause them. In this course, we examine these predictable errors, and discover where we are most susceptible to them. This course is intended to guide participants towards better financial choices. Learn how to improve your spending, saving, and investing decisions for the future. Online course: https://www.coursera.org/learn/duke-behavioral-finance

Learning Objectives

• to develop students’ understanding of a behavioral perspective in economics and finance

Expected Learning Outcomes

• Able to read academic literature devoted to the behavioral prespective
• Can apply behavioral finance concepts and models in particular situation
• Knowledge of the main behavioral biases and heuristics
• Understand the concept of limited rationality

Course Contents

• The concept of limited rationality
• Irrationality in finance
• Heuristics and biases

Assessment Elements

• Тест
• Самостоятельная работа
  Самостоятельная работа проводится в форме эссе. Студенты выбирают какой-либо из пройденных поведенческих отклонений и описывают финансовую ситуацию, которая иллюстрирует это отклонение

Interim Assessment

• 2021/2022 2nd module
  0.7 * Тест + 0.3 * Самостоятельная работа

Bibliography

Recommended Core Bibliography

• Baker, H. K., Filbeck, G., & Nofsinger, J. R. (2019). Behavioral Finance : What Everyone Needs to Know®. New York, NY: Oxford University Press. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=2002278

Recommended Additional Bibliography

• Shleifer, A. (2000). Inefficient Markets: An Introduction to Behavioral Finance. Oxford University Press. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.b.oxp.obooks.9780198292272