Psychology, Economics and Behavioural Finance (Module 2)

Course Overview
Over the past several decades, the field of finance has developed a successful paradigm based on the notions that investors and managers were generally rational and the prices of securities were generally “efficient.” In recent years, however, theoretical and empirical research has shown this paradigm to be insufficient to describe various features of actual financial markets. In this course we examine how the insights of behavioural finance complement the traditional paradigm and shed light on the behaviour of households, asset prices in a variety of markets, and corporate finance and managerial decision making.

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