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56554-01 - Vorlesung: Behavioral Finance 3 KP

Semester Herbstsemester 2020
Angebotsmuster Jedes Herbstsemester
Dozierende Ola Mahmoud (ola.mahmoud@unibas.ch, BeurteilerIn)
Inhalt This course describes how individuals and firms make financial decisions, and how those decisions might deviate from those predicted by traditional financial or economic theory. Students will explore the existence of psychological biases in financial decision-making, and examine the impacts of these biases in financial markets and other financial settings. The course examines how the insights of behavioral finance complements the traditional finance paradigm.

The objective and purpose of this course is to provide an in-depth discussion of the modern development in behavioral finance. Theory, empirical, and experimental evidence will be discussed. We will review the decision-making process along with the different biases and paradoxes that go with it, learn about the major behavioral economics theories, and study the applications in the context of financial decision making.
Lernziele The objective of this course is to introduce the principles and concepts of behavioral economics as applied to financial decision making. Students will gain an understanding of how investors and individuals in general make financial decisions. Upon successful completion of this course, students will be able to: - identify the common errors in information processing; - identify the main behavioral biases and heuristics and take them into account when, say, modeling financial decision processes or advising a client; - understand the limits to arbitrage; - understand the formation and burst process of speculative bubbles; - allocate assets in a portfolio according to behavioral portfolio theory.
Literatur The main reference for this course are the lecture slides, together with papers and book chapters that will be distributed during the course and before every lecture.
Weblink Link zu ADAM


Teilnahmebedingungen There are no strict prerequisites in terms of previous courses, however, basic knowledge of finance (portfolio theory, asset pricing, etc) and a keen interest in the applications of behavioral economics and psychology to financial decision making will be useful.
Anmeldung zur Lehrveranstaltung Registration: Please enrol in MOnA. EUCOR-Students and students of other Swiss Universities have to enrol at the students administration office (studseksupport1@unibas.ch) within the official enrolment period. Enrolment = Registration for the exam! A deregistration is possible until November 12th, 2020 by email to studiendekanat-wwz@unibas.ch.
Unterrichtssprache Englisch
Einsatz digitaler Medien kein spezifischer Einsatz


Intervall wöchentlich
Datum 28.10.2020 – 09.12.2020
Zeit Mittwoch, 12.15-16.00 - Online Präsenz -

The course will be taught online at the dates you can see below:

Datum Zeit Raum
Mittwoch 28.10.2020 12.15-16.00 Uhr - Online Präsenz -, --
Mittwoch 04.11.2020 12.15-16.00 Uhr - Online Präsenz -, --
Mittwoch 11.11.2020 12.15-16.00 Uhr - Online Präsenz -, --
Mittwoch 18.11.2020 12.15-16.00 Uhr - Online Präsenz -, --
Mittwoch 25.11.2020 12.15-16.00 Uhr - Online Präsenz -, --
Mittwoch 02.12.2020 12.15-16.00 Uhr - Online Präsenz -, --
Mittwoch 09.12.2020 12.15-16.00 Uhr - Online Präsenz -, --
Module Modul Business (BUS) II (Bachelorstudium: Wirtschaftswissenschaften)
Wahlbereich Bachelor Wirtschaftswissenschaften: Empfehlungen (Bachelor Studienfach Wirtschaftswissenschaften)
Leistungsüberprüfung Semesterendprüfung
Hinweise zur Leistungsüberprüfung There are two evaluation parts to this course:

(I) A take-home project during the term accounting for 30% of the final grade
(II) A written examination accounting for 70% of the final grade

written exam:
An-/Abmeldung zur Leistungsüberprüfung Anmelden: Belegen; Abmelden: Studiendekanat
Wiederholungsprüfung keine Wiederholungsprüfung
Skala 1-6 0,1
Wiederholtes Belegen beliebig wiederholbar
Zuständige Fakultät Wirtschaftswissenschaftliche Fakultät / WWZ, studiendekanat-wwz@unibas.ch
Anbietende Organisationseinheit Wirtschaftswissenschaftliche Fakultät / WWZ