Behavioral Finance

obligatory courses

Remote learning

• Classical theory of finance and behavioral finance

• The genesis of behavioral finance (schools)

• Perspective theory and determinants of reality perception

• Decisions under conditions of risk and uncertainty

• Process of supporting investment decisions (social trading).

• Fortune telling and forecasting - analysis of research on the impact of forecasts on the market

• The importance of volatility and liquidity

• Identification of behavioral factors

• Selected stock exchange anomalies

• Information and the concept of noise in financial markets

• Behavioral bias - introduction

• Behavioral bias of stock investors

• Stock market sentiment indexation (The VIX (volatility index))

• Selected models of behavioral finance

Podstawowa pozycja:

1. Szyszka, A., Behavioral Finance and Capital Markets. How Psychology Influences Investors and Corporations. New York: Palgrave Macmillan, 2013,

2. Michael M. Pompian, Behavioral Finance and Wealth Management How to B, John Wiley and Sons; 2nd Revised edition, 2012,

3. Baddeley, M., Behavioural Economics and Finance (r. 4-10) Cambridge: Cambridge University Press, 2013,

4. MacKenzie D., An engine, not a camera: how financial models shape markets, MIT Press, Cambridge 2006.

Literatura uzupełniająca:

1. Fama, E., Efficient capital markets: a review of theory and empirical work. Journal of Finance, 25, 1970.

2. MacKenzie D., An engine, not a camera: how financial models shape markets, MIT Press, Cambridge 2006.

3. H. Kent Baker, John R. Nofsinger, Behavioral Finance: Investors, Corporations, and Markets, John Wiley & Sons, 2010

4. Michael M. Pompian, Behavioral Finance and Wealth Management How to B, John Wiley and Sons; 2nd Revised edition, 2012