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.
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課程信息
25,672 次近期查看
學生職業成果
50%
通過此課程獲得實實在在的工作福利
50%
加薪或升職
可分享的證書
完成後獲得證書
100% 在線
立即開始，按照自己的計劃學習。
第 3 門課程（共 5 門）
可靈活調整截止日期
根據您的日程表重置截止日期。
完成時間大約為16 小時
英語（English）
字幕：法語（French）, 巴西葡萄牙語, 俄語（Russian）, 英語（English）, 西班牙語（Spanish）
您將獲得的技能
Behavioral FinanceCognitive BiasInvestmentBehavioral Economics
學生職業成果
50%
通過此課程獲得實實在在的工作福利
50%
加薪或升職
可分享的證書
完成後獲得證書
100% 在線
立即開始，按照自己的計劃學習。
第 3 門課程（共 5 門）
可靈活調整截止日期
根據您的日程表重置截止日期。
完成時間大約為16 小時
英語（English）
字幕：法語（French）, 巴西葡萄牙語, 俄語（Russian）, 英語（English）, 西班牙語（Spanish）
提供方
莱斯大学
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.
教學大綱 - 您將從這門課程中學到什麼
完成時間為 5 小時
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.
完成時間為 5 小時
9 個視頻 （總計 67 分鐘）, 12 個閱讀材料, 4 個測驗
9 個視頻
Efficient Markets Hypothesis (EMH)7分鐘
Examples of market efficiency: Market efficiency in real time3分鐘
Three Versions of Efficient Market Hypothesis9分鐘
Event studies6分鐘
Anomalies13分鐘
Mutual fund and analyst performance9分鐘
Smart investor should make markets efficient, right?8分鐘
Efficient Market Hypothesis2分鐘
12 個閱讀材料
Grading Policy10分鐘
How to use discussion forums10分鐘
Meet & Greet: Get to know your classmates10分鐘
Pre-Course Survey10分鐘
Watch market efficiency in real time10分鐘
Real Time Market Efficiency10分鐘
Lecture Handouts: Efficient Markets Hypothesis (EMH)10分鐘
Lecture Handouts: Are markets efficient?10分鐘
EntreMed Case10分鐘
New Facts in Finance (optional)10分鐘
Lecture Handouts: Limits to arbitrage10分鐘
Module 1: Quiz solutions10分鐘
3 個練習
Efficient markets hypothesis30分鐘
Are markets efficient?30分鐘
Efficient markets and limits of arbitrage30分鐘
完成時間為 4 小時
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.
完成時間為 4 小時
12 個視頻 （總計 75 分鐘）, 10 個閱讀材料, 2 個測驗
12 個視頻
Introduction4分鐘
What are heuristics-driven biases?3分鐘
Representativeness9分鐘
Conservatism and anchoring6分鐘
Overconfidence7分鐘
Frame dependence9分鐘
Mental accounting11分鐘
Realistic preferences3分鐘
Loss aversion or Prospect theory9分鐘
Habit utility4分鐘
Catching up with the Joneses3分鐘
Biases and realistic preferences2分鐘
10 個閱讀材料
Lecture handouts: Heuristics-driven biases10分鐘
Additional heuristic-driven biases (required)10分鐘
Heuristics and Biases in Retirement Savings Behavior (optional)10分鐘
Behaving Badly (optional)10分鐘
Seven Sins of Fund Management (optional)10分鐘
Lecture handouts: Frame dependence10分鐘
Lecture Handouts: Preferences10分鐘
The Psychology and Neuroscience of Financial Decision Making10分鐘
Psychology of what we do with our money (optional)10分鐘
Module 2: Quiz solutions10分鐘
2 個練習
Heuristic driven biases and frame dependence30分鐘
Biases and realistic preferences30分鐘
完成時間為 5 小時
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.
完成時間為 5 小時
9 個視頻 （總計 72 分鐘）, 2 個閱讀材料, 4 個測驗
9 個視頻
Introduction2分鐘
Equity premium puzzle9分鐘
Volatility puzzle12分鐘
Closed-end fund puzzle10分鐘
Examples from Closed-End Country Funds5分鐘
Long-run reversals11分鐘
Value effect10分鐘
Momentum9分鐘
Summary1分鐘
2 個閱讀材料
Lecture handouts: Applications – the Aggregate Stock Market10分鐘
Lecture handouts: Applications – The cross-section of average stock returns10分鐘
2 個練習
Applications – the Aggregate Stock Market30分鐘
Applications – The cross-section of average stock returns30分鐘
完成時間為 2 小時
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.
完成時間為 2 小時
6 個視頻 （總計 24 分鐘）, 3 個閱讀材料, 2 個測驗
6 個視頻
Failure to Diversify6分鐘
Naïve diversification3分鐘
Excessive trading6分鐘
Individual investors’ buying and selling decision5分鐘
Summary1分鐘
3 個閱讀材料
Lecture handouts: Investor behavior10分鐘
Module 4: Quiz solutions10分鐘
End-of-Course Survey10分鐘
2 個練習
Investor Behavior30分鐘
Applications: Investor behavior30分鐘
審閱
來自BIASES AND PORTFOLIO SELECTION的熱門評論
由 AA 提供2020年7月1日
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
由 AS 提供2019年9月25日
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.
由 JC 提供2020年3月26日
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.
由 DG 提供2017年2月10日
Extremely interesting but could be more detailed showing more specific data and examples with downloadable spreadsheets.
關於 Investment and Portfolio Management 專項課程
In this four-course Specialization, you’ll learn the essential skills of portfolio management and personal investing.
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Will I earn university credit for completing the Course?
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