Business Administration - M - Behavioral Finance

 

General information

Course name Behavioral Finance
Course type Lecture
Course code 31340
Course coordinator Prof. Dr. Alexander Klos
Faculty Faculty of Business, Economics and Social Sciences
Examination office http://www.wiso.uni-kiel.de/de/studium/pruefungsamt
Short summary “Behavioral finance argues that some financial phenomena can plausibly be understood using models in which some agents are not fully rational.” (Barberis and Thaler, 2003, p. 1052). The course will provide an overview of the field. We will discuss experimental and empirical evidence in addition to the theoretical underpinnings of behavioral finance.
   

Information about study level

Study level Master
Also possible for  
   

Information about credit points, evaluation and frequency

ECTS 5
Evaluation Written exam
Frequency Summer term; note that the course may not be taught during a research sabbatical (“Forschungsfreisemester”)
   

Information about teaching language

Teaching language English
Minimum language requirement  
Further Information on the teaching language  
   

Information about requirements

Recommended  requirements  
   

Information about course content, reading list and additional information

Course content This  course  aims  to  describe  and  analyze  behavioral  aspects  of  individual  decision making and its impact on financial markets. Major  topics  include  heuristics  and  biases  in  individual  decision making,  prospect theory, individual investor   behavior,   capital   market   anomalies, and behavioral theories on asset pricing.
Reading list N. Barberis, R. Thaler (2003): A Survey of Behavioral Finance, Handbook of the Economics of Finance, G. Constantinides, R. Stulz, M. Harris eds., North Holland, Amsterdam, 2003. Further literature will be announced in class.
Additional Information OLAT