Course 2020-2021 a.y.

20554 - PSYCHOLOGY, ECONOMIC ANALYSIS, AND BEHAVIORAL FINANCE

Department of Finance

Course taught in English
Go to class group/s: 31
CLMG (6 credits - I sem. - OP  |  SECS-P/01) - M (6 credits - I sem. - OP  |  SECS-P/01) - IM (6 credits - I sem. - OP  |  SECS-P/01) - MM (6 credits - I sem. - OP  |  SECS-P/01) - AFC (6 credits - I sem. - OP  |  SECS-P/01) - CLELI (6 credits - I sem. - OP  |  SECS-P/01) - ACME (6 credits - I sem. - OP  |  SECS-P/01) - DES-ESS (6 credits - I sem. - OP  |  SECS-P/01) - EMIT (6 credits - I sem. - OP  |  SECS-P/01) - GIO (6 credits - I sem. - OP  |  SECS-P/01) - DSBA (6 credits - I sem. - OP  |  SECS-P/01) - PPA (6 credits - I sem. - OP  |  SECS-P/01) - FIN (6 credits - I sem. - OP  |  SECS-P/01)
Course Director:
NICOLA GENNAIOLI

Classes: 31 (I sem.)
Instructors:
Class 31: NICOLA GENNAIOLI


Suggested background knowledge

Basic micro theory and statistics.

Mission & Content Summary

MISSION

Introduce the students to the main methods and findings of behavioral economics and behavioral finance.

CONTENT SUMMARY

  • Reference dependent preferences.
  • Limited attention.
  • Limited memory.
  • Time inconsistency. 
  • Non rational belief formation and their applications to economics and finance.

Intended Learning Outcomes (ILO)

KNOWLEDGE AND UNDERSTANDING

At the end of the course student will be able to...
  • Understand the foundations of behavioral economics and apply the key concepts to shed light on new economic and financial problems.

APPLYING KNOWLEDGE AND UNDERSTANDING

At the end of the course student will be able to...
  • Look at the world from a different perspective.

Teaching methods

  • Face-to-face lectures
  • Online lectures
  • Individual assignments

DETAILS

Face to face lectures will be recorded and posted online.  There will be four problem sets to allow students to practice.  


Assessment methods

  Continuous assessment Partial exams General exam
  • Written individual exam (traditional/online)
     x

ATTENDING AND NOT ATTENDING STUDENTS

There will be one written final exam that covers the entire course material.


Teaching materials


ATTENDING AND NOT ATTENDING STUDENTS

  • N. GENNAIOLI, A. SHLEIFER, A Crisis of Beliefs, Princeton University Press, 2018.
  • D. KAHNEMAN, Thinking, Fast and Slow.
  • List of articles in the syllabus.
Last change 27/08/2020 16:48