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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课程信息
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第 3 门课程（共 5 门）
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完成时间大约为16 小时
英语（English）
字幕：法语（French）, 巴西葡萄牙语, 俄语（Russian）, 英语（English）, 西班牙语（Spanish）
您将获得的技能
Behavioral FinanceCognitive BiasInvestmentBehavioral Economics
学生职业成果
50%
通过此课程获得实实在在的工作福利
50%
加薪或升职
可分享的证书
完成后获得证书
100% 在线
立即开始，按照自己的计划学习。
第 3 门课程（共 5 门）
可灵活调整截止日期
根据您的日程表重置截止日期。
完成时间大约为16 小时
英语（English）
字幕：法语（French）, 巴西葡萄牙语, 俄语（Russian）, 英语（English）, 西班牙语（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.
教学大纲 - 您将从这门课程中学到什么
完成时间为 5 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.
完成时间为 5 小时
9 个视频 （总计 67 分钟）, 12 个阅读材料, 4 个测验
9 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
12 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
3 个练习
Efficient markets hypothesis30分钟
Are markets efficient?30分钟
Efficient markets and limits of arbitrage30分钟
完成时间为 4 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.
完成时间为 4 小时
12 个视频 （总计 75 分钟）, 10 个阅读材料, 2 个测验
12 个视频
Introduction4分钟
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
10 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
2 个练习
Heuristic driven biases and frame dependence30分钟
Biases and realistic preferences30分钟
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.
完成时间为 5 小时
9 个视频 （总计 72 分钟）, 2 个阅读材料, 4 个测验
9 个视频
Introduction2分钟
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
2 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
2 个练习
Applications – the Aggregate Stock Market30分钟
Applications – The cross-section of average stock returns30分钟
完成时间为 2 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.
完成时间为 2 小时
6 个视频 （总计 24 分钟）, 3 个阅读材料, 2 个测验
6 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
3 个阅读材料
Lecture handouts: Investor behavior10分钟
Module 4: Quiz solutions10分钟
End-of-Course Survey10分钟
2 个练习
Investor Behavior30分钟
Applications: Investor behavior30分钟
审阅
来自BIASES AND PORTFOLIO SELECTION的热门评论
由 AA 提供Jul 1, 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
由 AS 提供Sep 25, 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.
由 JC 提供Mar 26, 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.
由 DG 提供Feb 10, 2017
Extremely interesting but could be more detailed showing more specific data and examples with downloadable spreadsheets.
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.
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