Behavioral and Cultural Finance
Course code
FIN619
Course type
MSc Course
Weekly Hours
2,5
ECTS
5.0
Term
FS 2021
Language
Englisch
Lecturers
Prof. Dr. Mei Wang
Please note that exchange students obtain a higher number of credits in the BSc-program at WHU than listed here. For further information please contact directly the International Relations Office.
Course content
This course discusses important topics in behavioral finance and cultural finance, including non-expected-utility theory, heuristics and biases, heterogenous beliefs, anomalies such as equity premium puzzle, momentum, home bias, etc. The goal is to understand various perspectives in the behavioral and cultural finance research and its practical relevance.
Class dates
| Date | Time |
|---|---|
| Monday, 11.01.2021 | 13:45 - 17:00 |
| Wednesday, 20.01.2021 | 15:30 - 18:45 |
| Monday, 25.01.2021 | 13:45 - 15:15 |
| Monday, 01.02.2021 | 13:45 - 17:00 |
| Monday, 08.02.2021 | 13:45 - 17:00 |
| Wednesday, 17.02.2021 | 15:30 - 18:45 |
| Monday, 22.02.2021 | 15:30 - 18:45 |
| Wednesday, 03.03.2021 | 16:00 - 17:30 |
Learning outcomes
Utility Theory, Portfolio Theory, Prospect Theory, Capital Asset Pricing Model, Probability Theory
Literature
Ackert and Deaves (2009) Behavioral Finance: Psychology, Decision-Making, and Markets Hens, Rieger, & Wang (2020) Cultural Finance: A World Map of Risk, Time and Money
Learningmethods
Interactive teaching and case studies
Exam
- Written report: A research proposal (60%)
- Presentation on one academic paper (40%)
- Presentation on one academic paper (40%)
Total workload
150