Behavioral Economics Algor Financial

Catalog description

Traditional financial and economic theory assumes investors exhibit a nearly perfect level of rationality. This course explores the truth of this assumption in various contexts, as well as the implications for businesses, organizations, governments, and markets. The course fosters a skeptical approach to both traditional and behavioral results and an independent approach to thinking so that the students are able to enhance not only their appreciation of behavioralism in others but also in their own individual decision making, and the algorithmic decision making of automated trading systems. The essence of the course explores what opportunities are created by systematic deviations from rationality, and questions how they can be either exploited or mitigated.