Overview of the foundations of behavioral finance. Issues and limits concerning both the "efficient markets" and "behavioral" approaches will be examined. Direct applications to the financial markets will be examined.

Ks. Opinto-opas, kohta Kansainvälisen talouden ja rahatalouden erikoiskurssit, KTALS221. See: Study Guide of Economics: Advanced Studies, Special Courses in International Economics and Finance, KTALS221.

Literature:

1. Shefrin, Hersh: Beyond Greed and Fear, Oxford University Press, USA, 2007
2. Schleifer, Andrei: Inefficient Markets: An Introduction to Behavioral Finance, Oxford University Press, USA, 2000.
3. Selected articles as detailed by the lecturer