Behavioural Finance and Equity Investment Strategies
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Tutors were brilliant which made the classes even more fun. LFS staff is very friendly and the quality of education is high and challenging. Location is great also. I strongly recommend it.
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In my formal instruction I realized what and who moulded the art of the venture business. In my LFS class, Dr. De Bondt shed new light on the advancement of new thoughts and the time they take to end up series.
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Its incredible to hear out one of the establishing fathers of such a intriguing and imperative field of finance.
← | →
Short course
In New York (USA) and London
Description
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Type
Short course
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Location
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Duration
2 Days
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Start date
Different dates available
Modern finance portrays investment decision making as rational choice. However, pure rationality does not describe how decisions are truly made. This course examines:
(1) the various behavioural strategies that amateur and expert investors rely upon to make decisions (2) the structure and speculative dynamics of equity prices in world financial markets from the perspective of investor psychology (3) the practical implications of behavioural finance.
The course will enable participants to (i) understand and implement equity investment strategies based on key insights of behavioural finance, and (ii) to successfully manage business relationships with clients.
Facilities
Location
Start date
Start date
Start date
About this course
The course is self contained but prior knowledge of standard concepts in modern finance is required (e.g., portfolio theory, CAPM, beta, efficient markets).
Reviews
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Tutors were brilliant which made the classes even more fun. LFS staff is very friendly and the quality of education is high and challenging. Location is great also. I strongly recommend it.
← | →
-
In my formal instruction I realized what and who moulded the art of the venture business. In my LFS class, Dr. De Bondt shed new light on the advancement of new thoughts and the time they take to end up series.
← | →
-
Its incredible to hear out one of the establishing fathers of such a intriguing and imperative field of finance.
← | →
Course rating
Recommended
Centre rating
SD - Paula De .
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This centre's achievements
All courses are up to date
The average rating is higher than 3.7
More than 50 reviews in the last 12 months
This centre has featured on Emagister for 16 years
Subjects
- Finance
- Equity
- Investment
- Psychology
- Financial
- Financial Training
- Decision Making
- Psychological mechanisms
- Investment strategy
- Fundamental signals
- Risk Management
- Procrastination
- Psychological
- Business Relationships
- Behavioural finance
Teachers and trainers (1)
Werner De Bondt
Teacher
Werner F.M. De Bondt is director of the Richard H. Driehaus Center for Behavioral Finance at De Paul University in Chicago. Between 1992 and 2003, he was the Frank Graner Professor of Investment Management at the University of Wisconsin-Madison. Werner De Bondt studies the psychology of investors an
Course programme
Foundations of Behavioural Finance
- Decision making
- Modern vs. institutional vs. Behavioural finance
- Judgement and choice: Psychological mechanisms
- Sources of bias: Cognitive, emotional and socio psychological
- Mental frames and pseudo beliefs
- Gains, losses and risk taking. Prospect theory. Loss aversion
- Heuristics
- Why people do or do not learn from experience
- Decision traps
- Status quo bias. Default options. Inertia. Procrastination
- Denial of losses. Delay. Escalation of commitment
- Hindsight bias. The seven sins of memory
- Regret. The power of counterfactuals
- Unrealistic optimism. Wishful thinking
- Overconfidence. Information overload
- Social pressure and lack of self confidence
- Gut feelings
- Deceptive illusions: How investors mismanage their portfolios
- Perceptions of prices
- Perceptions of value
- Risk management
- Trading practices
Equity Investment Strategy
- Modern vs. Behavioural Finance
- Central insights: Intuition is fragile. Institutional design and market psychology are key
- Price and value
- Theory of value. Arbitrage vs. fundamental value
- Discount models and P/E ratios
- Investor disagreement and market prices. Theory of marginal opinion
- Return predictability in world equity markets
- How much predictability do past asset return data show?
- False beliefs
- Irrational exuberance in world financial markets
- Over and underreaction in the cross section of securities
- Price trends and reversals
- Fixation on reported earnings
- Fixation on earnings targets
- Strategic refinements
- Fundamental signals
- Value investing: how to separate winners from losers
Behavioural Finance and Equity Investment Strategies