School Of Economics And FinanceBehavioural FinanceWestern Sydney University Unit Code: 200518.1
Discipline: BANKING, FINANCE AND RELATED FIELDS
Student Contribution Band: 3
Level: 3
Credit Points: 10
Assumed Knowledge
Students should have at least an introductory finance background before entering into this unit.
Prerequisite
200048 Financial Institutions and Markets AND 200488 Corporate Financial Management
About this Unit
Traditional theories of finance are based the assumption that investors are both rational and utility maximizing. The Efficient Markets Hypothesis in particular has assumptions about investor behaviour which underpin its key predictions. The tenants of beharioural finance disputes the validity of these assumptions. This unit challenges traditional theory by examining how decision making and investor behaviour may be driven by personal and market psychology.