BPF_BEFI Behavioral finance

Faculty of Economics and Administration
Spring 2020
Extent and Intensity
2/0/0. 4 credit(s). Type of Completion: zk (examination).
Teacher(s)
Mgr. Ing. Filip Hampl (lecturer)
Mgr. Zuzana Rakovská, Ph.D. (lecturer)
doc. Ing. Martin Svoboda, Ph.D. (lecturer)
Guaranteed by
doc. Ing. Martin Svoboda, Ph.D.
Department of Finance - Faculty of Economics and Administration
Contact Person: Iva Havlíčková
Supplier department: Department of Finance - Faculty of Economics and Administration
Timetable
Mon 10:00–11:50 P104
Course Enrolment Limitations
The course is also offered to the students of the fields other than those the course is directly associated with.
fields of study / plans the course is directly associated with
Course objectives
Subject "Behavioral finance" introduces the historical genesis of finance, the reasons for creation and focuses on investment decisions and the possibilities of practical use of behavioral finance. In the introductory part the course deals with Neoclassical theory of capital markets. The following units are focused on Investors´behavior, speculative bubbles, phases of the decision-making process, limited rationality in the perception and processing of information, using findings of behavioral finance at financial consultancy. Even future genesis of behavioral finance will not be left out
Learning outcomes
At the end of this course, students will be able to orientate themselves in the field of behavioral finance; understand the principles of irrational investor behavior; recognize behavioral investor biases; use behavioral finance in practice, financial decisions or individual investing.
Syllabus
  • 1st Neoclassical theory of capital markets - rational behavior
  • 2nd Edges of the neoclassical theory of capital markets
  • 3rd Investors´behavior from the view of behavioral finance
  • 4th Speculative bubbles as a sign of market anomalies
  • 5th The historical genesis of major speculative bubble
  • 6th Lecture external lecturer
  • 7th Phase of the decision-making process
  • 8th Limited rationality in the perception of information
  • 9th Limited rationality in processing information
  • 10th Rationality of investment decision
  • 11th Using findings of behavioral finance at financial consultancy
  • 12th Usage findings of behavioral finance at the company management
  • 13th Future genesis of behavioral finance
Literature
    recommended literature
  • TETLOCK, Philip and Dan GARDNER. Superprognózy : umění a věda předpovídání budoucnosti. Vydání první. Brno: Jan Melvil, 2016. 384 stran. ISBN 9788075550095. info
  • KAHNEMAN, Daniel. Myšlení - rychlé a pomalé. Translated by Eva Nevrlá. Vydání první. V Brně: Jan Melvil, 2012. 542 stran. ISBN 9788087270424. info
  • THALER, Richard H. and Cass R. SUNSTEIN. Nudge : improving decisions about health, wealth, and happiness. Revised ed. London: Penguin Books, 2009. x, 305. ISBN 9780141040011. info
    not specified
  • Behavioral financeinvestors, corporations, and markets. Edited by H. Kent Baker - John R. Nofsinger. Hoboken, NJ: Wiley, 2010. ix, 757 p. ISBN 9780470499115. info
  • MONTIER, James. The little book of behavioral investing : how not to be your own worst enemy. Hoboken: John Wiley & Sons, 2010. xv, 219. ISBN 9780470686027. info
Teaching methods
Lectures and discussions.
Assessment methods
Written exam
Language of instruction
Czech
Further Comments
Study Materials
The course is also listed under the following terms Spring 2016, Spring 2017, Spring 2018, Spring 2019, Spring 2021.
  • Enrolment Statistics (recent)
  • Permalink: https://is.muni.cz/course/econ/spring2020/BPF_BEFI