CKF_BEFI Behavioral finance

Faculty of Economics and Administration
Spring 2021
Extent and Intensity
0/0/0. 6 credit(s). Type of Completion: zk (examination).
Teacher(s)
doc. Ing. Martin Svoboda, Ph.D. (lecturer)
Guaranteed by
doc. Ing. Martin Svoboda, Ph.D.
Department of Finance – Faculty of Economics and Administration
Contact Person: Iva Havlíčková
Supplier department: Department of Finance – Faculty of Economics and Administration
Timetable
Tue 11. 5. 10:00–11:50 S315, 13:00–16:50 S315, Wed 12. 5. 9:00–11:50 S315, 13:00–15:50 S315
Course Enrolment Limitations
The course is only offered to the students of the study fields the course is directly associated with.
fields of study / plans the course is directly associated with
Course objectives
Subject "Behavioral finance" introduces the historical genesis of finance, the reasons for creation and focuses on investment decisions and the possibilities of practical use of behavioral finance. In the introductory part the course deals with Neoclassical theory of capital markets. The following units are focused on Investors´behavior, speculative bubbles, phases of the decision-making process, limited rationality in the perception and processing of information, using findings of behavioral finance at financial consultancy. Even future genesis of behavioral finance will not be left out
Learning outcomes
At the end of this course, students will be able to orientate themselves in the field of behavioral finance; understand the principles of irrational investor behavior; recognize behavioral investor biases; use behavioral finance in practice, financial decisions or individual investing.
Syllabus
  • 1st Neoclassical theory of capital markets - rational behavior
  • 2nd Edges of the neoclassical theory of capital markets
  • 3rd Investors´behavior from the view of behavioral finance
  • 4th Speculative bubbles as a sign of market anomalies
  • 5th The historical genesis of major speculative bubble
  • 6th Phase of the decision-making process
  • 7th Limited rationality in the perception of information
  • 8th Limited rationality in processing information
  • 9th Rationality of investment decision
  • 10th Using findings of behavioral finance at financial consultancy
  • 11th Usage findings of behavioral finance at the company management
  • 12th Future genesis of behavioral finance
Literature
    recommended literature
  • KAHNEMAN, Daniel. Myšlení - rychlé a pomalé. Translated by Eva Nevrlá. Vydání první. V Brně: Jan Melvil, 2012, 542 stran. ISBN 9788087270424. URL info
  • TETLOCK, Philip and Dan GARDNER. Superprognózy : umění a věda předpovídání budoucnosti. Vydání první. Brno: Jan Melvil, 2016, 384 stran. ISBN 9788075550095. URL info
  • THALER, Richard H. and Cass R. SUNSTEIN. Nudge (šťouch) : jak postrčit lidi k lepšímu rozhodování o zdraví, majetku a štěstí. Vydání první. Zlín: Kniha Zlin, 2010, 309 stran. ISBN 9788087162668. info
  • Behavioral financeinvestors, corporations, and markets. Edited by H. Kent Baker - John R. Nofsinger. Hoboken, NJ: Wiley, 2010, ix, 757 p. ISBN 9780470499115. info
    not specified
  • MONTIER, James. The little book of behavioral investing : how not to be your own worst enemy. Hoboken: John Wiley & Sons, 2010, xv, 219. ISBN 9780470686027. info
  • THALER, Richard H. and Cass R. SUNSTEIN. Nudge : improving decisions about health, wealth, and happiness. Revised ed. London: Penguin Books, 2009, x, 305. ISBN 9780141040011. info
Teaching methods
Lectures and discussions.
Assessment methods
The conditions that must be met before the exam are completing the assignments. Written exam. Any copying, recording or leaking tests, use of unauthorized tools, aids and communication devices, or other disruptions of objectivity of exams (credit tests) will be considered non-compliance with the conditions for course completion as well as a severe violation of the study rules. Consequently, the teacher will finish the exam (credit test) by awarding grade "F" in the Information System, and the Dean will initiate disciplinary proceedings that may result in study termination.
Language of instruction
Czech
Further comments (probably available only in Czech)
Study Materials
The course is taught annually.
Information on the extent and intensity of the course: tutorial 12 hodin.
The course is also listed under the following terms Spring 2022, Spring 2023.
  • Enrolment Statistics (Spring 2021, recent)
  • Permalink: https://is.muni.cz/course/econ/spring2021/CKF_BEFI