À propos de ce cours
4.5
125 notes
13 avis
Spécialisation
100 % en ligne

100 % en ligne

Commencez dès maintenant et apprenez aux horaires qui vous conviennent.
Dates limites flexibles

Dates limites flexibles

Réinitialisez les dates limites selon votre disponibilité.
Heures pour terminer

Approx. 17 heures pour terminer

Recommandé : 4 weeks of study...
Langues disponibles

Anglais

Sous-titres : Anglais

Compétences que vous acquerrez

Behavioral FinanceCognitive BiasInvestmentBehavioral Economics
Spécialisation
100 % en ligne

100 % en ligne

Commencez dès maintenant et apprenez aux horaires qui vous conviennent.
Dates limites flexibles

Dates limites flexibles

Réinitialisez les dates limites selon votre disponibilité.
Heures pour terminer

Approx. 17 heures pour terminer

Recommandé : 4 weeks of study...
Langues disponibles

Anglais

Sous-titres : Anglais

Programme du cours : ce que vous apprendrez dans ce cours

Semaine
1
Heures pour terminer
4 heures pour terminer

Efficient markets hypothesis and limits of arbitrage

This module introduces the third course in the Investment and Portfolio Management Specialization. In this module, we first present the efficient market hypothesis (EMH) – another pillar idea of modern finance. You will learn about its rationale as well as the empirical evidence that supports and challenges the predictions of the EMH such as anomalies. Finally, we will consider why smart money may sometimes fail to exploit away anomalies in financial markets. ...
Reading
9 videos (Total 67 min), 12 lectures, 4 quiz
Video9 vidéos
Efficient Markets Hypothesis (EMH)7 min
Examples of market efficiency: Market efficiency in real time3 min
Three Versions of Efficient Market Hypothesis9 min
Event studies6 min
Anomalies13 min
Mutual fund and analyst performance9 min
Smart investor should make markets efficient, right?8 min
Efficient Market Hypothesis2 min
Reading12 lectures
Grading Policy10 min
How to use discussion forums10 min
Meet & Greet: Get to know your classmates10 min
Pre-Course Survey10 min
Watch market efficiency in real time10 min
Real Time Market Efficiency10 min
Lecture Handouts: Efficient Markets Hypothesis (EMH)10 min
Lecture Handouts: Are markets efficient?10 min
EntreMed Case10 min
New Facts in Finance (optional)10 min
Lecture Handouts: Limits to arbitrage10 min
Module 1: Quiz solutions10 min
Quiz3 exercices pour s'entraîner
Efficient markets hypothesis10 min
Are markets efficient?10 min
Efficient markets and limits of arbitrage16 min
Semaine
2
Heures pour terminer
3 heures pour terminer

Biases and realistic preferences

In this module, we review the behavioral critique of market rationality. In contrast to the presumption that investors are rational, behavioral finance starts with the assumption that they are not. We will examine some of the information-processing and behavioral biases uncovered by psychologists in several contexts. In addition, we will consider alternative, more realistic ways of describing investor preferences....
Reading
12 videos (Total 75 min), 10 lectures, 2 quiz
Video12 vidéos
What are heuristics-driven biases?3 min
Representativeness9 min
Conservatism and anchoring6 min
Overconfidence7 min
Frame dependence9 min
Mental accounting11 min
Realistic preferences3 min
Loss aversion or Prospect theory9 min
Habit utility4 min
Catching up with the Joneses3 min
Biases and realistic preferences2 min
Reading10 lectures
Lecture handouts: Heuristics-driven biases10 min
Additional heuristic-driven biases (required)10 min
Heuristics and Biases in Retirement Savings Behavior (optional)10 min
Behaving Badly (optional)10 min
Seven Sins of Fund Management (optional)10 min
Lecture handouts: Frame dependence10 min
Lecture Handouts: Preferences10 min
The Psychology and Neuroscience of Financial Decision Making10 min
Psychology of what we do with our money (optional)10 min
Module 2: Quiz solutions10 min
Quiz2 exercices pour s'entraîner
Heuristic driven biases and frame dependence14 min
Biases and realistic preferences20 min
Semaine
3
Heures pour terminer
5 heures pour terminer

Inefficient markets

In this module, we review a number of puzzles related to the aggregate stock market and the cross-section of average stock returns that have been documented in the literature. We examine how the behavioral biases and tendencies discussed in the previous module might result in some of these puzzles observed in financial markets....
Reading
9 videos (Total 72 min), 2 lectures, 4 quiz
Video9 vidéos
Equity premium puzzle9 min
Volatility puzzle12 min
Closed-end fund puzzle10 min
Examples from Closed-End Country Funds5 min
Long-run reversals11 min
Value effect10 min
Momentum9 min
Summary1 min
Reading2 lectures
Lecture handouts: Applications – the Aggregate Stock Market10 min
Lecture handouts: Applications – The cross-section of average stock returns10 min
Quiz2 exercices pour s'entraîner
Applications – the Aggregate Stock Market12 min
Applications – The cross-section of average stock returns10 min
Semaine
4
Heures pour terminer
1 heure pour terminer

Applications: Investor behavior

In this last brief module, we turn our attention to the behavior of individual investors and review the empirical evidence on how behavioral biases and tendencies we discussed in the previous modules affect individual investor portfolio choice and trading decisions....
Reading
6 videos (Total 24 min), 3 lectures, 2 quiz
Video6 vidéos
Failure to Diversify6 min
Naïve diversification3 min
Excessive trading6 min
Individual investors’ buying and selling decision5 min
Summary1 min
Reading3 lectures
Lecture handouts: Investor behavior10 min
Module 4: Quiz solutions10 min
End-of-Course Survey10 min
Quiz2 exercices pour s'entraîner
Investor Behavior10 min
Applications: Investor behavior16 min
4.5
13 avisChevron Right
Avantage de carrière

83%

a bénéficié d'un avantage concret dans sa carrière grâce à ce cours
Promotion de carrière

50%

a obtenu une augmentation de salaire ou une promotion

Meilleurs avis

par AHFeb 4th 2017

I've learnt a lot with this course. Sometimes we don't stop to think about how to think on making decision.

par OSJan 19th 2017

Great course on application of behavioural finance in business decision making

Enseignant

Avatar

Arzu Ozoguz

Finance Faculty
Jones Graduate School of Business

À propos de Rice University

Rice University is consistently ranked among the top 20 universities in the U.S. and the top 100 in the world. Rice has highly respected schools of Architecture, Business, Continuing Studies, Engineering, Humanities, Music, Natural Sciences and Social Sciences and is home to the Baker Institute for Public Policy....

À propos de la Spécialisation Investment and Portfolio Management

In this four-course Specialization, you’ll learn the essential skills of portfolio management and personal investing. All investors – from the largest wealth funds to the smallest individual investors – share common issues in investing: how to meet their liabilities, how to decide where to invest, and how much risk to take on. In this Specialization, you will learn how to think about, discuss, and formulate solutions to these investment questions. You will learn the theory and the real-world skills necessary to design, execute, and evaluate investment proposals that meet financial objectives. You will begin with an overview of global financial markets and instruments that characterize the investment opportunities available to today’s investor. You will then learn how to construct optimal portfolios that manage risk effectively, and how to capitalize on understanding behavioral biases and irrational behavior in financial markets. You will learn the best practices in portfolio management and performance evaluation as well as current investment strategies. By the end of your Capstone Project, you will have mastered the analytical tools, quantitative skills, and practical knowledge necessary for long-term investment management success. To see an overview video for this Specialization, click here!...
Investment and Portfolio Management

Foire Aux Questions

  • Une fois que vous êtes inscrit(e) pour un Certificat, vous pouvez accéder à toutes les vidéos de cours, et à tous les quiz et exercices de programmation (le cas échéant). Vous pouvez soumettre des devoirs à examiner par vos pairs et en examiner vous-même uniquement après le début de votre session. Si vous préférez explorer le cours sans l'acheter, vous ne serez peut-être pas en mesure d'accéder à certains devoirs.

  • Lorsque vous vous inscrivez au cours, vous bénéficiez d'un accès à tous les cours de la Spécialisation, et vous obtenez un Certificat lorsque vous avez réussi. Votre Certificat électronique est alors ajouté à votre page Accomplissements. À partir de cette page, vous pouvez imprimer votre Certificat ou l'ajouter à votre profil LinkedIn. Si vous souhaitez seulement lire et visualiser le contenu du cours, vous pouvez accéder gratuitement au cours en tant qu'auditeur libre.

D'autres questions ? Visitez le Centre d'Aide pour les Etudiants.