Behavioural Finance - MAN00035H
Related modules
Additional information
Please note the stated prerequisite module requirements are not applicable to students taking BSc Actuarial Science or BSc Finance, Operations Research and Management degree programmes.
Module will run
| Occurrence | Teaching period |
|---|---|
| A | Spring Term 2022-23 to Summer Term 2022-23 |
Module aims
This module aims to provide the student with an understanding of how human behaviour affects the financial decision making process. Through the examination of the link between several heuristic biases and asset pricing anomalies, students learn alternative approaches to finance that allow for investor psychology and social dynamics.
Module learning outcomes
- Identify the causes of asset pricing anomalies in the context of investor psychology
- List and explain the effects of different behavioural biases on the evolution of prices of financial assets.
- Propose several different behavioural investment strategies
- Analyse the effects of behavioural biases on corporate finance decisions
Indicative assessment
| Task | % of module mark |
|---|---|
| Closed/in-person Exam (Centrally scheduled) | 100 |
Special assessment rules
None
Indicative reassessment
| Task | % of module mark |
|---|---|
| Closed/in-person Exam (Centrally scheduled) | 100 |
Module feedback
Module assessment reports to students are written by the module leader for all assessments (open and closed) and placed on the VLE after the Board of Examiners has received the module marks. The timescale for the return of feedback will accord with TYMS policy.
Additionally, for open assignments students are given individual written feedback via The York Management School assignment feedback form. The feedback form provides guidance on key areas for focusing upon improvements for future assessments, and ties module specific learning outcomes to marking criteria. This form is normally provided after the relevant Part A and Part B Board of Examiners meeting. However, if a module has more than one assessment element feedback on earlier submissions is released as soon as possible after marking of the assignment element.
Indicative reading
- Ackert, L.F. & Deaves, R. Behavioral Finance: Psychology, Decision Making and Markets. South-Western (2009).
- Forbes, W. Behavioural Finance. Wiley (2009).
- Montier, J. Behavioural Investing: A Practitioners Guide to Applying Behavioural Finance. Wiley (2007).
- Shefrin, H. Beyond Greed and Fear: Understanding Behavioural Finance and the Psychology of Investing. OUP (2000).
- Shleifer, A. Inefficient Markets: An Introduction to Behavioural Finance. OUP (2000).
- Sutherland, S. Irrationality. Pinter & Martin (2007).
- Taleb, N.N. Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets. Penguin (2007).