行为金融各研究专题必读经典文献.pdf

Behavioral Finance Term: Spring 2005, Summer 2005 Prof.: Jeffrey Wurgler (jwurgler@) Office: Tisch 9-05 Office hours: (1) Tuesday 3:30-4pm and longer as needed (2) Tuesday 9-9:30pm and longer as needed (3) Email for special appt. Admin. asst.: Norma Rodruiguez (cubicle outside of Tisch 9-12) Grader: Prachi Deuskar (pdeuskar@) Course page: Documents are maintained on the Blackboard system (/ ) Class times: B40.3329.30: Tuesday, 6-9pm, Kmec 4-60 C15.0029.01: Tuesday and Thursday, 2-3:15pm, Tisch LC-12 B40.3329.01: (Summer module 1) Tuesday and Thursday, 6-9pm, location n/a yet Final exam: B40.3329.30: Tuesday, May 3, 6pm C15.0029.01: Thursday, May 10, 2pm B40.3329.01: (Summer module 1): Thursday, June 23, 6pm Over the past several decades, the field of finance has developed a successful paradigm based on the notions that investors and managers were generally rational and the prices of securities were generally “efficient.” In recent years, however, anecdotal evidence as well as theoretical and empirical research has shown this paradigm to be insufficient to describe various features of actual financial markets. In this course we examine how the insights of behavioral finance complements the traditional paradigm and sheds light on the behavior of asset prices, corporate finance, and various Wall Street institutions and practices. The course is taught through lectures, case studies, our own discussions, and perhaps a guest speaker if appropriate and convenient. Grading is as follows: 5% Class participation 55% Homeworks (3) and case write-up (1) 40% Final exam For the short homeworks and case write-up, teams of up to three (but no more) students may hand in a joint solution. T