The course covers a broad range of issues in behavioral finance. Its central theme will be the "efficient market hypothesis" (EMH), one of the cornerstones of modern finance. To deepen the knowledge and understanding of the functioning of financial markets, market experiments are run during the course with near-to-reality market designs. The course will also cover issues such as; the performance of professionals/insiders/private; the origins of bubble formation; the performance of "experts" in general and on financial markets; the efficiency of real financial markets. Course offered by Department of Business studies, Aarhus School of Business, AU.
Period
04-07-2011 - 22-07-2011 (3 weeks)
Target group
It is very important that you have GOOD knowledge in statistical and econometric methods (especially in regression analysis and statistical tests in general). Furthermore, advanced knowledge in finance is crucial, such as knowledge on market efficiency, portfolio theory, CAPM. As special emphasis is given on market efficiency, a neat background in the efficient market hypothesis (EMH) is highly appreciated.
Course aim
Upon completion of the course you will get an understanding of how information is incorporated into the market price have knowledge about the performance of different investor groups (insiders, funds managers, private investors) on markets. have a good understanding of the efficiency of experimental and real-world financial markets and knowledge about the origins of price bubbles, stylized facts and about the impact of financial transaction taxes.Skills: upon completion of the course you will be able to replicate other and conduct own studies in experimental finance.
Credits
5.0 ECTS credits
Course fee
EUR 0: http://www.au.dk/en/summeruniversity/application/tuitionfeeandparticipationfee/
Course leader
Michael Kirchler, University of Innsbruck
Aarhus University International Centre
Address: Hoeg Guldbergs Gade 4, building 1650 Aarhus C
Postal code: 8000
City: Aarhus
Country: Denmark
Website: http://www.au.dk/summeruniversity
E-mail: SummerUniversity@adm.au.dk
Phone: +45 8942 2320
Behavioral and Experimental Finance
