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Quantitative behavioral finance (MASTER)

Syllabus

1. Investor behavior and anomalies in financial markets
1.1. Limits to arbitrage
1.2. Prospect theory, behavioral biases, anchoring and mental accounting
1.3. Equity-premium puzzle, predictability of stock returns, size premium, momentum effect, closed-end funds puzzle, insufficient diversification of the investments, excessive trading, etc.
2. Behavioral Corporate Finance
2.1. Irrational investors and rational managers
2.2. Rational investors and irrational managers
2.3. Implications for corporate financing, investments and other firm policies (payout, firm name, earnings management, executive compensation, stock splits, etc.)
3. Behavioral finance and financial professionals
4. Debiasing and Behavioral investing

Contacts

Igor Lončarski

Office hours

Wednesday at 13:00

room RZ-105

Please make an office hours appointment via e-mail beforehand.

Business portrait of Igor Lončarski in the library of the School of Economics and Business in October 2024, with a round window and shelves full of books in the background