SYMBIOSIS INTERNATIONAL (DEEMED UNIVERSITY)

(Established under section 3 of the UGC Act 1956)

Re - accredited by NAAC with ‘A’ Grade
Founder: Prof. Dr. S. B. Mujumdar, M.Sc.,Ph.D. (Awarded Padma Bhushan and Padma Shri by President of India)

Course Name : Behavioral Finance

Course Code : T2055
Faculty : Management
Programme Type : PG Degree

Course Credit : 2
Course Level : 5
Sub-Committee (Specialization) : Banking & finance
Batch : 0
Learning Objectives :
To understand the behavior of investors
To understand application of psychology in financial markets
Books Book Author Publisher
Recommended :

Behavioral Finance William Forbes Wiley

Stephen a. Ross Neo Classical Finance Princeton University
Press
The psychology of Investing John R Nofsinger Prentice Hall
Beyond Greed and Fear: Understanding Hersh Shefrin Oxford University Press
Behavioural Finance and the
Psychology of Investing by,
Parag Parikh Value Investing and Behavioral Tata McGraw hill
Finance
Michel M. Pompian Behavioral finance and Wealth Wiley
Management
Advances in Behavioral finance Richard Thaler Russell Sage
Foundation
Stock Price Reactions to Earnings Bernard, Victor Working Paper
Announcements
Inefficient Markets: An Introduction to Andrei Shleifer Oxford University Press
Behavioral Finance (Clarendon
Lectures in Economics),
Course Outline : Sr. No. Topic Hours
-1 Introduction 4
Motivation to study behavioural finance
Theory and Empirical Evidence : Research studies from financial
economics and psychology, Crowd Behavior and Herding
2 Decision Theory Paradox 4
Nash Equilibrium: Keynesian Beauty context and the prisoner's dilemma
The monthly hall paradox
The St. Petersburg paradox
The Allais paradox
The Ellsberg paradox
3 Prospect theory and its implications 4
4 Cognitive biases and impact on stock picking decision 4
5 Emotional biases and impact on stock picking decision 4

Page: 1
 6 Wealth Management with investor personality types 4
7 Asset allocation 6
Investor Behavior
Barnewell two way model
Bailard Biehl & Kaiser Five way Model
Pre Requisites :
Financial Management
Evaluation :
Case Analysis
Quiz
Assignments
Pedagogy :
Case Study

Research Papers discussion

Lecture