Behavioral Finance, joint with Swiss Finance Institute

This course is intended for advanced Masters and PhD students intending to do research in economics and finance. This course will review the current state of knowledge in behavioral finance. There will be several lectures, but most sessions will center around discussions of important papers in the academic literature. The papers will come from the behavioral economics, behavioral finance, and the experimental psychology literatures. Broad topics to be covered are: empirical evidence on security markets (anomalies); evidence on individual and institutional behavior; limits of arbitrage; psychology, judgment and decision making; and theories linking security price anomalies and behavioral biases. Most sessions, we will begin the class with an experiment.