Applied Behavioral Finance
Informacje ogólne
Kod przedmiotu: | 235201-D |
Kod Erasmus / ISCED: |
04.9
|
Nazwa przedmiotu: | Applied Behavioral Finance |
Jednostka: | Szkoła Główna Handlowa w Warszawie |
Grupy: |
Elective courses for GLO - masters Przedmioty kierunkowe do wyboru SMMD-GBI Przedmioty kierunkowe do wyboru SMMD-ZFP |
Punkty ECTS i inne: |
3.00 (zmienne w czasie)
|
Język prowadzenia: | angielski |
Efekty uczenia się: |
Wiedza: Students know the main differences between the traditional neoclassical capital market theory and the behavioral approach and understand practical implications of those two frameworks. Students know elements of cognitive psychology that apply to investor behavior Students possess knowledge about most profound anomalies in capital market. Umiejętności: Students can apply the knowledge about behavioral biases and irrational investor behavior to explain various anomalies and market imperfections. Students are aware of psychological traps that should be avoided when investing in capital market or making other financial decisions. Students know how to apply knowledge about market anomalies to investment strategies. Kompetencje społeczne: Students possess an ability of logical and critical thinking. Team working. |
Zajęcia w cyklu "Preferencje - Semestr letni 2024/25" (jeszcze nie rozpoczęty)
Okres: | 2025-02-15 - 2025-09-30 |
Przejdź do planu
PN WT ŚR CZ PT |
Typ zajęć: |
Zajęcia prowadzącego
|
|
Koordynatorzy: | (brak danych) | |
Prowadzący grup: | Adam Szyszka | |
Lista studentów: | (nie masz dostępu) | |
Zaliczenie: |
Przedmiot -
Ocena
Zajęcia prowadzącego - Ocena |
Zajęcia w cyklu "Semestr letni 2024/25" (jeszcze nie rozpoczęty)
Okres: | 2025-02-15 - 2025-09-30 |
Przejdź do planu
PN WT ŚR CZ PT |
Typ zajęć: |
Wykład, 30 godzin
|
|
Koordynatorzy: | (brak danych) | |
Prowadzący grup: | (brak danych) | |
Lista studentów: | (nie masz dostępu) | |
Zaliczenie: |
Przedmiot -
Ocena
Wykład - Ocena |
|
Skrócony opis: |
Lecture illustrated with case studies and decision games. Students will be encourage for active participation during the class. Discussion, critical and logical thinking are particularly welcome. |
|
Pełny opis: |
Behavioral Finance is a new area within financial economics that helps investors understand unusual asset prices and empirical observations originating out of capital markets. At its core, this field of study aids investors in navigating complex psychological trappings in market behavior and making smarter investment decisions. The course reveals the main foundations underpinning neoclassical capital market and asset pricing theory, as filtered through the lens of behavioral finance. It presents how asset prices are influenced by various behavioral heuristics and how these prices deviate from fundamental values due to irrational behavior of investors. Alternative explanations for various theoretical and empirical market puzzles are also discussed. Practical implications for market participants are underlined during the course. The course aims: to confront the main foundations of the neoclassical theory of financial economics with allegations of the behavioral approach to capital markets, to present elements of cognitive psychology, mainly heuristics and psychological biases that apply to investors, to show how behavioral inclinations impact on investor behavior, to demonstrate how irrational behavior of investors may impact asset pricing, to discuss various market anomalies and seek alternative explanations either on traditional theoretical framework or within behavioral approach, to seek practical implications of behavioral biases and market anomalies for market participant (investors, corporations, regulators), to learn how market imperfections and investor irrationality should be accounted for in formulating investing strategies in capital market. |
|
Literatura: |
Literatura podstawowa: A. Szyszka, Behavioral Finance and Capital Markets: How Psychology Influences Investors and Corporations, Palgrave Macmillan, New York, 2013. Literatura uzupełniająca: 1. K. Baker, J. Nofsinger, Behavioral finance: Investors, Corporations, and Markets, Wiley 2010. 2. H. Shefrin, Beyond Greed and Fear: Finance and the Psychology of Investing, Oxford University Press, 2000. 3. R. Thaler, Advances in Behavioral Finance, Russell Sage Foundation 1993. 4. R. Thaler, Advances in Behavioral Finance Vol. II, Princeton University Press, 2005. |
|
Uwagi: |
Kryteria oceniania: egzamin testowy: 90.00% referaty/eseje: 10.00% |
Zajęcia w cyklu "Semestr zimowy 2024/25" (w trakcie)
Okres: | 2024-10-01 - 2025-02-14 |
Przejdź do planu
PN WT ŚR WYK
CZ PT |
Typ zajęć: |
Wykład, 30 godzin
|
|
Koordynatorzy: | (brak danych) | |
Prowadzący grup: | Adam Szyszka | |
Lista studentów: | (nie masz dostępu) | |
Zaliczenie: |
Przedmiot -
Ocena
Wykład - Ocena |
|
Skrócony opis: |
Lecture illustrated with case studies and decision games. Students will be encourage for active participation during the class. Discussion, critical and logical thinking are particularly welcome. |
|
Pełny opis: |
Behavioral Finance is a new area within financial economics that helps investors understand unusual asset prices and empirical observations originating out of capital markets. At its core, this field of study aids investors in navigating complex psychological trappings in market behavior and making smarter investment decisions. The course reveals the main foundations underpinning neoclassical capital market and asset pricing theory, as filtered through the lens of behavioral finance. It presents how asset prices are influenced by various behavioral heuristics and how these prices deviate from fundamental values due to irrational behavior of investors. Alternative explanations for various theoretical and empirical market puzzles are also discussed. Practical implications for market participants are underlined during the course. The course aims: to confront the main foundations of the neoclassical theory of financial economics with allegations of the behavioral approach to capital markets, to present elements of cognitive psychology, mainly heuristics and psychological biases that apply to investors, to show how behavioral inclinations impact on investor behavior, to demonstrate how irrational behavior of investors may impact asset pricing, to discuss various market anomalies and seek alternative explanations either on traditional theoretical framework or within behavioral approach, to seek practical implications of behavioral biases and market anomalies for market participant (investors, corporations, regulators), to learn how market imperfections and investor irrationality should be accounted for in formulating investing strategies in capital market. |
|
Literatura: |
Literatura podstawowa: A. Szyszka, Behavioral Finance and Capital Markets: How Psychology Influences Investors and Corporations, Palgrave Macmillan, New York, 2013. Literatura uzupełniająca: 1. K. Baker, J. Nofsinger, Behavioral finance: Investors, Corporations, and Markets, Wiley 2010. 2. H. Shefrin, Beyond Greed and Fear: Finance and the Psychology of Investing, Oxford University Press, 2000. 3. R. Thaler, Advances in Behavioral Finance, Russell Sage Foundation 1993. 4. R. Thaler, Advances in Behavioral Finance Vol. II, Princeton University Press, 2005. |
|
Uwagi: |
Kryteria oceniania: egzamin testowy: 90.00% referaty/eseje: 10.00% |
Zajęcia w cyklu "Semestr letni 2023/24" (zakończony)
Okres: | 2024-02-24 - 2024-09-30 |
Przejdź do planu
PN WT ŚR WYK
CZ PT |
Typ zajęć: |
Wykład, 30 godzin
|
|
Koordynatorzy: | (brak danych) | |
Prowadzący grup: | Adam Szyszka | |
Lista studentów: | (nie masz dostępu) | |
Zaliczenie: |
Przedmiot -
Ocena
Wykład - Ocena |
|
Skrócony opis: |
Lecture illustrated with case studies and decision games. Students will be encourage for active participation during the class. Discussion, critical and logical thinking are particularly welcome. |
|
Pełny opis: |
Behavioral Finance is a new area within financial economics that helps investors understand unusual asset prices and empirical observations originating out of capital markets. At its core, this field of study aids investors in navigating complex psychological trappings in market behavior and making smarter investment decisions. The course reveals the main foundations underpinning neoclassical capital market and asset pricing theory, as filtered through the lens of behavioral finance. It presents how asset prices are influenced by various behavioral heuristics and how these prices deviate from fundamental values due to irrational behavior of investors. Alternative explanations for various theoretical and empirical market puzzles are also discussed. Practical implications for market participants are underlined during the course. The course aims: to confront the main foundations of the neoclassical theory of financial economics with allegations of the behavioral approach to capital markets, to present elements of cognitive psychology, mainly heuristics and psychological biases that apply to investors, to show how behavioral inclinations impact on investor behavior, to demonstrate how irrational behavior of investors may impact asset pricing, to discuss various market anomalies and seek alternative explanations either on traditional theoretical framework or within behavioral approach, to seek practical implications of behavioral biases and market anomalies for market participant (investors, corporations, regulators), to learn how market imperfections and investor irrationality should be accounted for in formulating investing strategies in capital market. |
|
Literatura: |
Literatura podstawowa: A. Szyszka, Behavioral Finance and Capital Markets: How Psychology Influences Investors and Corporations, Palgrave Macmillan, New York, 2013. Literatura uzupełniająca: 1. K. Baker, J. Nofsinger, Behavioral finance: Investors, Corporations, and Markets, Wiley 2010. 2. H. Shefrin, Beyond Greed and Fear: Finance and the Psychology of Investing, Oxford University Press, 2000. 3. R. Thaler, Advances in Behavioral Finance, Russell Sage Foundation 1993. 4. R. Thaler, Advances in Behavioral Finance Vol. II, Princeton University Press, 2005. |
|
Uwagi: |
Kryteria oceniania: egzamin testowy: 90.00% referaty/eseje: 10.00% |
Zajęcia w cyklu "Semestr zimowy 2023/24" (zakończony)
Okres: | 2023-10-01 - 2024-02-23 |
Przejdź do planu
PN WT ŚR WYK
CZ PT |
Typ zajęć: |
Wykład, 30 godzin
|
|
Koordynatorzy: | (brak danych) | |
Prowadzący grup: | Adam Szyszka | |
Lista studentów: | (nie masz dostępu) | |
Zaliczenie: |
Przedmiot -
Ocena
Wykład - Ocena |
|
Skrócony opis: |
Lecture illustrated with case studies and decision games. Students will be encourage for active participation during the class. Discussion, critical and logical thinking are particularly welcome. |
|
Pełny opis: |
Behavioral Finance is a new area within financial economics that helps investors understand unusual asset prices and empirical observations originating out of capital markets. At its core, this field of study aids investors in navigating complex psychological trappings in market behavior and making smarter investment decisions. The course reveals the main foundations underpinning neoclassical capital market and asset pricing theory, as filtered through the lens of behavioral finance. It presents how asset prices are influenced by various behavioral heuristics and how these prices deviate from fundamental values due to irrational behavior of investors. Alternative explanations for various theoretical and empirical market puzzles are also discussed. Practical implications for market participants are underlined during the course. The course aims: to confront the main foundations of the neoclassical theory of financial economics with allegations of the behavioral approach to capital markets, to present elements of cognitive psychology, mainly heuristics and psychological biases that apply to investors, to show how behavioral inclinations impact on investor behavior, to demonstrate how irrational behavior of investors may impact asset pricing, to discuss various market anomalies and seek alternative explanations either on traditional theoretical framework or within behavioral approach, to seek practical implications of behavioral biases and market anomalies for market participant (investors, corporations, regulators), to learn how market imperfections and investor irrationality should be accounted for in formulating investing strategies in capital market. |
|
Literatura: |
Literatura podstawowa: A. Szyszka, Behavioral Finance and Capital Markets: How Psychology Influences Investors and Corporations, Palgrave Macmillan, New York, 2013. Literatura uzupełniająca: 1. K. Baker, J. Nofsinger, Behavioral finance: Investors, Corporations, and Markets, Wiley 2010. 2. H. Shefrin, Beyond Greed and Fear: Finance and the Psychology of Investing, Oxford University Press, 2000. 3. R. Thaler, Advances in Behavioral Finance, Russell Sage Foundation 1993. 4. R. Thaler, Advances in Behavioral Finance Vol. II, Princeton University Press, 2005. |
|
Uwagi: |
Kryteria oceniania: egzamin testowy: 90.00% referaty/eseje: 10.00% |
Właścicielem praw autorskich jest Szkoła Główna Handlowa w Warszawie.