课程信息
4.5
119 ratings
12 reviews
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. After this course, you will be more effective in overcoming biases to do the wrong things at the wrong times and tailoring an investment strategy that is best suited on your or your client’s profile and investment needs....
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100% 在线课程

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建议:4 weeks of study

完成时间大约为16 小时
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您将获得的技能

Behavioral FinanceCognitive BiasInvestmentBehavioral Economics
Globe

100% 在线课程

立即开始,按照自己的计划学习。
Calendar

可灵活调整截止日期

根据您的日程表重置截止日期。
Clock

建议:4 weeks of study

完成时间大约为16 小时
Comment Dots

English

字幕:English

教学大纲 - 您将从这门课程中学到什么

1

章节
Clock
完成时间为 4 小时

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. ...
Reading
9 个视频(共 67 分钟), 12 个阅读材料, 4 个测验
Video9 个视频
Efficient Markets Hypothesis (EMH)7分钟
Examples of market efficiency: Market efficiency in real time3分钟
Three Versions of Efficient Market Hypothesis9分钟
Event studies6分钟
Anomalies13分钟
Mutual fund and analyst performance9分钟
Smart investor should make markets efficient, right?8分钟
Efficient Market Hypothesis2分钟
Reading12 个阅读材料
Grading Policy10分钟
How to use discussion forums10分钟
Meet & Greet: Get to know your classmates10分钟
Pre-Course Survey10分钟
Watch market efficiency in real time10分钟
Real Time Market Efficiency10分钟
Lecture Handouts: Efficient Markets Hypothesis (EMH)10分钟
Lecture Handouts: Are markets efficient?10分钟
EntreMed Case10分钟
New Facts in Finance (optional)10分钟
Lecture Handouts: Limits to arbitrage10分钟
Module 1: Quiz solutions10分钟
Quiz3 个练习
Efficient markets hypothesis10分钟
Are markets efficient?10分钟
Efficient markets and limits of arbitrage16分钟

2

章节
Clock
完成时间为 3 小时

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....
Reading
12 个视频(共 75 分钟), 10 个阅读材料, 2 个测验
Video12 个视频
What are heuristics-driven biases?3分钟
Representativeness9分钟
Conservatism and anchoring6分钟
Overconfidence7分钟
Frame dependence9分钟
Mental accounting11分钟
Realistic preferences3分钟
Loss aversion or Prospect theory9分钟
Habit utility4分钟
Catching up with the Joneses3分钟
Biases and realistic preferences2分钟
Reading10 个阅读材料
Lecture handouts: Heuristics-driven biases10分钟
Additional heuristic-driven biases (required)10分钟
Heuristics and Biases in Retirement Savings Behavior (optional)10分钟
Behaving Badly (optional)10分钟
Seven Sins of Fund Management (optional)10分钟
Lecture handouts: Frame dependence10分钟
Lecture Handouts: Preferences10分钟
The Psychology and Neuroscience of Financial Decision Making10分钟
Psychology of what we do with our money (optional)10分钟
Module 2: Quiz solutions10分钟
Quiz2 个练习
Heuristic driven biases and frame dependence14分钟
Biases and realistic preferences20分钟

3

章节
Clock
完成时间为 5 小时

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....
Reading
9 个视频(共 72 分钟), 2 个阅读材料, 4 个测验
Video9 个视频
Equity premium puzzle9分钟
Volatility puzzle12分钟
Closed-end fund puzzle10分钟
Examples from Closed-End Country Funds5分钟
Long-run reversals11分钟
Value effect10分钟
Momentum9分钟
Summary1分钟
Reading2 个阅读材料
Lecture handouts: Applications – the Aggregate Stock Market10分钟
Lecture handouts: Applications – The cross-section of average stock returns10分钟
Quiz2 个练习
Applications – the Aggregate Stock Market12分钟
Applications – The cross-section of average stock returns10分钟

4

章节
Clock
完成时间为 1 小时

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....
Reading
6 个视频(共 24 分钟), 3 个阅读材料, 2 个测验
Video6 个视频
Failure to Diversify6分钟
Naïve diversification3分钟
Excessive trading6分钟
Individual investors’ buying and selling decision5分钟
Summary1分钟
Reading3 个阅读材料
Lecture handouts: Investor behavior10分钟
Module 4: Quiz solutions10分钟
End-of-Course Survey10分钟
Quiz2 个练习
Investor Behavior10分钟
Applications: Investor behavior16分钟
4.5
Briefcase

83%

通过此课程获得实实在在的工作福利
Money

50%

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热门审阅

创建者 AHFeb 4th 2017

I've learnt a lot with this course. Sometimes we don't stop to think about how to think on making decision.

创建者 OSJan 19th 2017

Great course on application of behavioural finance in business decision making

讲师

Arzu Ozoguz

Finance Faculty
Jones Graduate School of Business

关于 Rice University

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....

关于 Investment and Portfolio Management 专项课程

In this four-course Specialization, you’ll learn the essential skills of portfolio management and personal investing. All investors – from the largest wealth funds to the smallest individual investors – share common issues in investing: how to meet their liabilities, how to decide where to invest, and how much risk to take on. In this Specialization, you will learn how to think about, discuss, and formulate solutions to these investment questions. You will learn the theory and the real-world skills necessary to design, execute, and evaluate investment proposals that meet financial objectives. You will begin with an overview of global financial markets and instruments that characterize the investment opportunities available to today’s investor. You will then learn how to construct optimal portfolios that manage risk effectively, and how to capitalize on understanding behavioral biases and irrational behavior in financial markets. You will learn the best practices in portfolio management and performance evaluation as well as current investment strategies. By the end of your Capstone Project, you will have mastered the analytical tools, quantitative skills, and practical knowledge necessary for long-term investment management success. To see an overview video for this Specialization, click here!...
Investment and Portfolio Management

常见问题

  • Once you enroll for a Certificate, you’ll have access to all videos, quizzes, and programming assignments (if applicable). Peer review assignments can only be submitted and reviewed once your session has begun. If you choose to explore the course without purchasing, you may not be able to access certain assignments.

  • When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.

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