Behavioural Finance (FINC6022)
UNIT OF STUDY
Behavioural finance examines how individual financial decision making and behaviour affect outcomes in financial markets. The subject begins with a review of the foundations of efficient markets, and then draws comparisons between the efficient ('economically rational') market and the less understood but possibly more realistic behavioural ('partially rational' or 'irrational') understanding of markets. The philosophy of the subject is that both viewpoints have advantages and each adds something new to our understanding of investor behaviour, both at the level of individual traders and at the level of the market interpreted as a mechanism for aggregating opinion and attitudes to risk.
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Further unit of study information
1x 3hr seminar per week
mid-term exam (30%), group assignment (20%), and final exam (50%)
Faculty/department permission required?
Unit of study rules
Prerequisites and assumed knowledge
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