Skip to content

Market Efficiency and Behavioral Finance syllabus

FIN 2177 units · 24 topicsAcademic year 2083/84
Browse the units

Market Efficiency and Behavioral Finance

7 units

1. Market Efficiency (3 LHs)

  1. Allocational, Informational, and Operational Efficiency
  2. Random Walks

2. Efficient Market Hypothesis (9 LHs)

  1. EMH Concept and Assumptions
  2. Weak, Semistrong, and Strong Forms
  3. Implications for Analysis and Portfolio Management
  4. Critiques of EMH

3. Market Anomalies (6 LHs)

  1. Concept and Types of Market Anomalies
  2. Return Predictability
  3. Anomalies and Informational Efficiency

4. Introduction to Behavioral Finance (10 LHs)

  1. Rational Investor Paradigm and Prospect Theory
  2. Concept and Evolution of Behavioral Finance
  3. Heuristics, Framing, Emotions, and Market Impact
  4. Personality, Money, Motivation, and Satisfaction

5. Behavioral Biases (6 LHs)

  1. Mental Accounting, Disposition Effect, and Loss Aversion
  2. Representativeness, Overconfidence, and Anchoring
  3. Familiarity, Dissonance, Attention, and Inertia

6. Emotions in the Financial Markets (7 LHs)

  1. Mood, Herd Behavior, and Social Influence
  2. Risk Perception and Tolerance
  3. Bubbles, Crashes, and Financial Crises
  4. Trading and Investing Psychology

7. Implications of Behavioral Finance (7 LHs)

  1. Behavioral Trading and Investment Strategies
  2. Mutual Funds and Individual Investors
  3. Behavioral Asset Pricing
  4. Corporate Decisions and Regulation