13201 Seminar: Behavioral Economics and Finance
Credits: 3 graduate credits in Business Administration
Prerequisites: 36 graduate credits in Business Administration, including Operations Research, Accounting for Managers, Marketing, Management and Organizational Behavior, Financial Management, Corporate Law for Managers. Registration for the seminar is conditional on approval of the program director.
The seminar presents the topic of behavioral economics and finance, a relatively new area of economics and business administration which is increasingly gaining recognition in the literature and in research. The field combines behavioral models in economics and management, and emphasizes the influence of psychological concepts on decision-making by managers and investors, concepts which occasionally conflict with accepted theories in economics and finance.
Objectives: Understanding the importance of integrating behavioral models into the areas of economics and finance; to connect accepted theories in economics and finance to the behavior of individuals; to implement constructing experiments in economics and finance.
Structure: Each tutorial session is devoted to a survey of the literature and a discussion of issues relevant to topics of the seminar; Each student formulates a topic to analyze and proposes a specific seminar topic; Each proposal is discussed at the sessions; Students determine a schedule with the seminar coordinator for the presentation and submission of the paper; Students present their papers to the group and the seminar coordinator for discussion and critique.