This course is intended for advanced PhD students intending to do research in economics and finance. This course will review the current state of knowledge in behavioral finance. The course will center around discussions of important papers in the academic literature. The papers will come from the finance, behavioral finance,and the experimental psychology literatures. There will also be several lectures.
Broad topics to be covered are: empirical evidence on security markets (anomalies); evidence on individual and institutional behavior; limits of arbitrage; psychology, judgment and decision making; and other related topics. The course will be designed to have as little overlap as possible with other courses in the PhD sequence.
The course grade will be based on class participation, on a small number of "referee reports," on an original research proposal, and a final exam.
Senior Vice Dean of Faculty Affairs
Kent Daniel is the Senior Vice Dean of Faculty Affairs and the William von Mueffling Professor of Business in the Finance Division at the Graduate School of Business at Columbia University. From 1996 to 2006, Kent was at the Kellogg School of Management at Northwestern University, where he was the John and Helen Kellogg Distinguished Professor of Finance (on leave from 2004-2006). Previously, he served...