Investors tend to be their own worst enemies. In this third course, you will learn how to capitalize on understanding behavioral biases and irrational behavior in financial markets. You will start by learning about the various behavioral biases – mistakes that investors make and understand their reasons. You will learn how to recognize your own mistakes as well as others’ and understand how these mistakes can affect investment decisions and financial markets. You will also explore how different preferences and investment horizons impact the optimal asset allocation choice.
Este curso faz parte do Programa de cursos integrados Investment and Portfolio Management
oferecido por
Programa de cursos integrados Investment and Portfolio ManagementUniversidade RiceInformações sobre o curso
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Resultados de carreira do aprendiz
50%
comecei uma nova carreira após concluir estes cursos
33%
consegui um benefício significativo de carreira com este curso
33%
recebi um aumento ou promoção
Certificados compartilháveis
Tenha o certificado após a conclusão
100% on-line
Comece imediatamente e aprenda em seu próprio cronograma.
Prazos flexíveis
Redefinir os prazos de acordo com sua programação.
Aprox. 16 horas para completar
Inglês
Legendas: Francês, Português (Brasil), Russo, Inglês, Espanhol
Habilidades que você terá
Behavioral FinanceCognitive BiasInvestmentBehavioral Economics
Resultados de carreira do aprendiz
50%
comecei uma nova carreira após concluir estes cursos
33%
consegui um benefício significativo de carreira com este curso
33%
recebi um aumento ou promoção
Certificados compartilháveis
Tenha o certificado após a conclusão
100% on-line
Comece imediatamente e aprenda em seu próprio cronograma.
Prazos flexíveis
Redefinir os prazos de acordo com sua programação.
Aprox. 16 horas para completar
Inglês
Legendas: Francês, Português (Brasil), Russo, Inglês, Espanhol
oferecido por
Universidade Rice
Rice University is consistently ranked among the top 20 universities in the U.S. and the top 100 in the world. Rice has highly respected schools of Architecture, Business, Continuing Studies, Engineering, Humanities, Music, Natural Sciences and Social Sciences and is home to the Baker Institute for Public Policy.
Programa - O que você aprenderá com este curso
5 horas para concluir
Efficient markets hypothesis and limits of arbitrage
This module introduces the third course in the Investment and Portfolio Management Specialization. In this module, we first present the efficient market hypothesis (EMH) – another pillar idea of modern finance. You will learn about its rationale as well as the empirical evidence that supports and challenges the predictions of the EMH such as anomalies. Finally, we will consider why smart money may sometimes fail to exploit away anomalies in financial markets.
5 horas para concluir
9 vídeos (Total 67 mín.), 12 leituras, 4 testes
9 videos
Efficient Markets Hypothesis (EMH)7min
Examples of market efficiency: Market efficiency in real time3min
Three Versions of Efficient Market Hypothesis9min
Event studies6min
Anomalies13min
Mutual fund and analyst performance9min
Smart investor should make markets efficient, right?8min
Efficient Market Hypothesis2min
12 leituras
Grading Policy10min
How to use discussion forums10min
Meet & Greet: Get to know your classmates10min
Pre-Course Survey10min
Watch market efficiency in real time10min
Real Time Market Efficiency10min
Lecture Handouts: Efficient Markets Hypothesis (EMH)10min
Lecture Handouts: Are markets efficient?10min
EntreMed Case10min
New Facts in Finance (optional)10min
Lecture Handouts: Limits to arbitrage10min
Module 1: Quiz solutions10min
3 exercícios práticos
Efficient markets hypothesis30min
Are markets efficient?30min
Efficient markets and limits of arbitrage30min
4 horas para concluir
Biases and realistic preferences
In this module, we review the behavioral critique of market rationality. In contrast to the presumption that investors are rational, behavioral finance starts with the assumption that they are not. We will examine some of the information-processing and behavioral biases uncovered by psychologists in several contexts. In addition, we will consider alternative, more realistic ways of describing investor preferences.
4 horas para concluir
12 vídeos (Total 75 mín.), 10 leituras, 2 testes
12 videos
Introduction4min
What are heuristics-driven biases?3min
Representativeness9min
Conservatism and anchoring6min
Overconfidence7min
Frame dependence9min
Mental accounting11min
Realistic preferences3min
Loss aversion or Prospect theory9min
Habit utility4min
Catching up with the Joneses3min
Biases and realistic preferences2min
10 leituras
Lecture handouts: Heuristics-driven biases10min
Additional heuristic-driven biases (required)10min
Heuristics and Biases in Retirement Savings Behavior (optional)10min
Behaving Badly (optional)10min
Seven Sins of Fund Management (optional)10min
Lecture handouts: Frame dependence10min
Lecture Handouts: Preferences10min
The Psychology and Neuroscience of Financial Decision Making10min
Psychology of what we do with our money (optional)10min
Module 2: Quiz solutions10min
2 exercícios práticos
Heuristic driven biases and frame dependence30min
Biases and realistic preferences30min
5 horas para concluir
Inefficient markets
In this module, we review a number of puzzles related to the aggregate stock market and the cross-section of average stock returns that have been documented in the literature. We examine how the behavioral biases and tendencies discussed in the previous module might result in some of these puzzles observed in financial markets.
5 horas para concluir
9 vídeos (Total 72 mín.), 2 leituras, 4 testes
9 videos
Introduction2min
Equity premium puzzle9min
Volatility puzzle12min
Closed-end fund puzzle10min
Examples from Closed-End Country Funds5min
Long-run reversals11min
Value effect10min
Momentum9min
Summary1min
2 leituras
Lecture handouts: Applications – the Aggregate Stock Market10min
Lecture handouts: Applications – The cross-section of average stock returns10min
2 exercícios práticos
Applications – the Aggregate Stock Market30min
Applications – The cross-section of average stock returns30min
2 horas para concluir
Applications: Investor behavior
In this last brief module, we turn our attention to the behavior of individual investors and review the empirical evidence on how behavioral biases and tendencies we discussed in the previous modules affect individual investor portfolio choice and trading decisions.
2 horas para concluir
6 vídeos (Total 24 mín.), 3 leituras, 2 testes
6 videos
Introduction46s
Failure to Diversify6min
Naïve diversification3min
Excessive trading6min
Individual investors’ buying and selling decision5min
Summary1min
3 leituras
Lecture handouts: Investor behavior10min
Module 4: Quiz solutions10min
End-of-Course Survey10min
2 exercícios práticos
Investor Behavior30min
Applications: Investor behavior30min
Avaliações
Principais avaliações do BIASES AND PORTFOLIO SELECTION
por AA1 de Jul de 2020
For me, it is an excellent course. Understanding some concepts of biases and behavior when making portfolio decisions is a good addition to knowledge when making investment decisions. Tks Dr. O
por AS25 de Set de 2019
An excellent course combining psychology and behavioral biases with finance. An eye-opener for students and managers relying exclusively on quantitative techniques to solve finance problems.
por JC26 de Mar de 2020
The course content is awesome specially Dr. O. I just dont like the peer reviews. It was long and some does not give fair grading.
por RE10 de Nov de 2020
I believe this course was a good introduction into investor biases, with ample class material and very good suggested reading.
Sobre Programa de cursos integrados Investment and Portfolio Management
In this four-course Specialization, you’ll learn the essential skills of portfolio management and personal investing.
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