Behavioral Finance

Catalog description

Research in the field of behavioral finance tries to improve our understanding of financial markets, investor behavior, and corporate finance using frameworks that are psychologically more realistic than their predecessors---frameworks that, in particular, allow for less than fully rational thinking on the part of some agents in the economy. The emergence of this field is one of the biggest conceptual developments in financial economics over the past 40 years. The course is aimed at doctoral students who would like to learn more about research in the field of behavioral finance. Over the course of the term, we will study dozens of academic papers.