Behavioural Finance & Personal Investing

Uitgebreide vaknaam	Behavioural Finance & Personal Investing
Leerdoelen	Upon completion of the course the student is able to: 1. Discriminate between the differences in foundations of classical and behavioral finance; 2. Explain and illustrate typical investor behaviors and its behavioral foundations; 3. Explain and illustrate effects of typical investor behaviors on market outcomes; 4. Critically review, comment and debate on academic papers.
Omschrijving	Behavioral Finance (BF) is a new development in the field of finance, which has been going on for more than two decades now. This development has not only affected academic finance, but has also gained profound interest from practitioners, in particular in the field of investments. In BF, empirical phenomena are being analyzed in terms of behavioral characteristics. In doing so, it explicitly deviates from the rational decision-making approach of financial economics. In this course we will focus mainly on individual investor psychology and behavior and contrast it with the neo-classical approach.
Uren per week	3
Onderwijsvorm	-hoorcollege
Toetsvorm	-individuele opdracht,  -schriftelijk tentamen (open en mc vragen) (Final examination (85%); Individual assignment (15%))
Vaksoort	master
Coördinator	dr. M.M. Kramer
Docent(en)	dr. M.M. Kramer
Verplichte literatuur	Titel Auteur ISBN Prijs Behavioral Finance, Psychology, Decision-Making and Markets, South-Western Cengage Learning, 1st edition, 2010. Ackert, L.F., R. Deaves 9780324661170 ca. €  67,00 Selection of academic papers Various
Entreevoorwaarden	Students have a bachelor in Economics or Business
Opmerkingen	Secretary: Grietje Pol, phone: +31 (0)50 363 3685, e-mail: g.pol@rug.nl, room: 5411.0836. The course literature mentioned in the above is only indicative. The final reading list of the course will be published in due time. This course is also open for a max of 8 exchange students.
Opgenomen in	Opleiding Jaar Periode Type Courses Exchange (MSc)  (Courses Exchange Students (MSc) with limited access) 1 semester II b keuze DD MSc Economics - Universidad de Chile, Santiago (1,5-jarig)  (keuzevakken voor studenten uit Chili) 2 semester II b keuze DD MSc Finance - Lund University, Lund (1,5-jarig)  (basisprogramma voor studenten van FEB) 1 semester II b keuzegroep DD MSc IFM - UCSC, Milan (2-year)  (electives DD MSc IFM - UCSC, Milan) 2 semester II b keuze MSc Economic Development & Globalization / ED&G  (keuzevak(ken) B MSc ED&G) 1 semester II b keuze MSc Economics  (keuzevakken B MSc Economics) 1 semester II b keuze MSc Finance  (keuzevakken A MSc Finance) 1 semester II b keuze MSc International Financial Management/IFM  (keuzevakken MSc IFM) 1 semester II b keuze MSc Marketing  (keuzevakken B Marketing Management) 1 semester II b keuze