MAN-MEC043
Advanced Behavioural Finance
Course infoSchedule
Course moduleMAN-MEC043
Credits (ECTS)6
CategoryMA (Master)
Language of instructionEnglish
Offered byRadboud University; Nijmegen School of Management; Master Economics;
Lecturer(s)
Lecturer
dr. J. Qiu
Other course modules lecturer
Examiner
prof. dr. S.M. Zeisberger
Other course modules lecturer
Lecturer
prof. dr. S.M. Zeisberger
Other course modules lecturer
Coordinator
prof. dr. S.M. Zeisberger
Other course modules lecturer
Contactperson for the course
prof. dr. S.M. Zeisberger
Other course modules lecturer
Academic year2022
Period
2  (07/11/2022 to 29/01/2023)
Starting block
2
Course mode
full-time
Remarks-
Registration using OSIRISYes
Course open to students from other facultiesNo
Pre-registrationNo
Waiting listNo
Placement procedure-
Aims
After completing the course Advanced Behavioural Finance the student is able to:
  • Explain how prospect theory and ambiguity attitudes can influence markets away from effiency;
  • Explain how  under/overreaction, momentum and herding affects can influence markets aways from efficiency; 
  • Explain how preferences can be imprecise and why this has implications for decision-making; 
  • Explain how investors perceive risk and return; 
  • Argue both sides of the behavioural vs traditional finance debate;
  • Apply empirical and theoretical critiques to new contributions in behavioural finance;
  • Write a concise report critically summarizing the main findings of a behaviioural paper;
  • Generate novel hypotheses and research projects based on previous results in  behavioural finanance. 
     
Content
This course covers a broad range of advanced topics in Behavioural Finance. The course aims to take students right to the research frontier in behavioural finance, so that they are in a perfect position to contribute to this literature in their Master's thesis. The course will consist of thorough introductions to several topics in behavioural finance, such as the effect of loss and ambiguity aversion on asset pricing, imprecise preferences, investor inattention, investor risk perception. Each week we will discuss a recent working paper on that week’s topic in depth, and analyse the assumptions, conclusions and methodology.
Level

Presumed foreknowledge
Background such as a Bachelor's level course in behavioural economics or finance is recommended, but not required.
Test information
Written exam + reports on current papers + presentation research idea. If after the retake, the course is not completed, partial grades do NOT remain valid. Students have to re-do all parts of the course.
Specifics

Level
Ma1

Recommended materials
Articles
Lectures will be based around seminar papers and literature reviews. No textbook will be used.

Instructional modes
Lecture

Tests
Exam
Test weight100
Test typeDigital exam with CIRRUS
OpportunitiesBlock 2, Block 3