Course Detail

Behavioral Finance (35906)

Course Description by Faculty

  • Hartzmark, Samuel
  • Content
    This PhD-level course will examine how psychological biases and non-standard preferences interact with traditional topics in corporate finance and asset pricing. We will survey recent research on biases in individual decision-making, the predictability of security returns, and the practical limits to arbitrage. This class has an empirical orientation and will focus on analyzing existing evidence as well as working directly with financial data. The objective of the course is (1) to familiarize students with the foundations and recent developments of research in behavioral finance, and (2) to help students develop research ideas and quantitative skills, which can be used to write a successful PhD dissertation.
    Format
    • Lectures

    • Discussion

  • Prerequisites
    Business 35901 (Theory of Financial Decisions I). Students should also have some PhD level background in econometrics and be familiar with applied data analysis. PhD students only: strict. BUSN 35906=ECON 41150
    Restrictions
    • PhD - students only

  • Materials
    Lecture notes and assigned readings of research papers.
  • Grades
    No pass/fail grades. No auditors. Will provide provisional grades for non-Booth and joint students.
    Grades
    • Graded homework assignments

    Restrictions
    • No auditors

    • No pass/fail grades

  • Syllabus
  • Spring 2022Section: 35906-50TH 8:00AM-11:00AMHarper Center3SW - Seminar RoomIn-Person Only
Description and/or course criteria last updated: June 24 2021