Behavioral Finance
ECON 980Z
Subject & Catalog Number
Course Information
Description
This junior seminar will provide an overview of theoretical and empirical research on asset pricing that adopts a “behavioral” perspective, i.e. that considers the joint consequences of: (i) investors who have either less than fully rational beliefs or non-standard preferences; and (ii) various impediments to arbitrage. We will also spend considerable time fleshing out the implications of investor sentiment for corporate finance, macroeconomics, and public policy.
Recommended Prep
Ec 1010a and 1010b (or 1011a and 1011b), one of stats 100, 104 or 110, and Ec 1123 or 1126 (or concurrent enrollment in 1123 or 1126).
Available for Harvard Cross Registration