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HU Credits:
3
Degree/Cycle:
2nd degree (Master)
Responsible Department:
Business Administration
Semester:
1st Semester
Teaching Languages:
Hebrew
Campus:
Mt. Scopus
Course/Module Coordinator:
Dr. Yevgeny Mugerman
Coordinator Office Hours:
TBA
Teaching Staff:
Dr. Yevgeny Mugerman
Course/Module description:
Principles of Behavioral Finance
Course/Module aims:
In recent years we have a witness of a significant increase in academic research and behavioral experiments. There is an evidence that the classic assumptions of investors and markets realization don't fully describe the econometric findings. We will review the current literature on the subject and uses laboratory experiments to study this phenomena. The course will review and illustrate a number of behavioral finance experiments.
Learning outcomes - On successful completion of this module, students should be able to:
Students will become familiar with the principles of behavioral finance and gain an experience in writing a research project in the field
Attendance requirements(%):
80
Teaching arrangement and method of instruction:
The course will include frontal lectures, project analysis, guest lectures, participating in experiments and presentations of students.
Course/Module Content:
Major issues:
1. Introduction: Information on the course
2. Behavioral finance and the efficient market hypothesis
3. Heuristics
4. Biases
5. Challenges to EMH
6. Investor's behavior
7. Prediction markets
8. Auctions
Required Reading:
Inefficient Markets by Andrei Shleifer, Oxford University Press
Additional Reading Material:
The Winner's Curse by Richard Thaler, Princeton University Press
The Wisdom of the Crowds by James Surowiecki, Anchor
Nudge by Richard Thaler,and Cass Sunstein, Yale University Press
Grading Scheme :
Essay / Project / Final Assignment / Home Exam / Referat 90 %
Active Participation / Team Assignment 10 %
Additional information:
This course is available for students in their final year. This course can be taken instead of a seminar.
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