Behavioral Finance 2600-MSFRdz2BFen
• Classical theory of finance and behavioral finance
• The genesis of behavioral finance (schools)
• Perspective theory and determinants of reality perception
• Decisions under conditions of risk and uncertainty
• Process of supporting investment decisions (social trading).
• Fortune telling and forecasting - analysis of research on the impact of forecasts on the market
• The importance of volatility and liquidity
• Identification of behavioral factors
• Selected stock exchange anomalies
• Information and the concept of noise in financial markets
• Behavioral bias - introduction
• Behavioral bias of stock investors
• Stock market sentiment indexation (The VIX (volatility index))
• Selected models of behavioral finance
Type of course
Mode
Bibliography
Podstawowa pozycja:
1. Szyszka, A., Behavioral Finance and Capital Markets. How Psychology Influences Investors and Corporations. New York: Palgrave Macmillan, 2013,
2. Michael M. Pompian, Behavioral Finance and Wealth Management How to B, John Wiley and Sons; 2nd Revised edition, 2012,
3. Baddeley, M., Behavioural Economics and Finance (r. 4-10) Cambridge: Cambridge University Press, 2013,
4. MacKenzie D., An engine, not a camera: how financial models shape markets, MIT Press, Cambridge 2006.
Literatura uzupełniająca:
1. Fama, E., Efficient capital markets: a review of theory and empirical work. Journal of Finance, 25, 1970.
2. MacKenzie D., An engine, not a camera: how financial models shape markets, MIT Press, Cambridge 2006.
3. H. Kent Baker, John R. Nofsinger, Behavioral Finance: Investors, Corporations, and Markets, John Wiley & Sons, 2010
4. Michael M. Pompian, Behavioral Finance and Wealth Management How to B, John Wiley and Sons; 2nd Revised edition, 2012
Additional information
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