LEARNING OUTCOMES

The course is meant to enrich the students’ knowledges with some distinguishing features of the behaviour of financial investors under uncertainty, according to the Behavioural Finance approach, based on cognitive processes, that provides a fundamental skill to financial investors and financial managers of industrial or commercial enterprises.

AIMS AND LEARNING OUTCOMES

The course is meant to enrich the students’ knowledges with some distinguishing features of the behaviour of financial investors under uncertainty, according to the Behavioural Finance approach, based on cognitive processes, that provides a fundamental skill to financial investors and financial managers of industrial or commercial enterprises. The course will provide the students with important skills in the decision making processes for firms operating in the financial sector of the economy and for the financial management of industrial and commercial firms.

PREREQUISITES

No prerequisites for this course.

TEACHING METHODS

Class lectures.

SYLLABUS/CONTENT

1) Anomalies in financial markets

2) Anomalies in discount factors

3) Speculative bubbles. 

4) Equity premium puzzle.

5) Incorporation

RECOMMENDED READING/BIBLIOGRAPHY

• Forbes, W., (2009), “Behavioural Finance”, Chichester, UK, John Wiley & sons, chapters. 2, 3 (excepting section 3.2.2 and the appendix) ,5, 13 (excepting sections 13.1, 13.2, 13.2.1, 13.3.1, 13.3.2), 14.
• Notes edited by the teacher (that will be available AND downloadable from “AulaWeb”) in the section called “Materiale didattico”.