Course Description
The standard economic paradigm—rational agents in an efficient market—does not adequately describe behaviour in financial markets. In this course, students will survey the evidence and use psychological criteria to guide alternative theories of financial markets. The standard argument that smart, profit-seeking agents can correct any distortions caused by irrational investors is reviewed. Furthermore, the preferences and trading decisions of individual investors in the age of artificial intelligence and robot advisors are examined, and the assertion that systematic biases can aggregate into observed market inefficiencies debated. The second half of the course extends the analysis to corporate decision-making.
Prerequisites
Corequisites
Schedule
| This Course was not Offered During Winter 2025 Term |
| This Course was not Offered During Spring/Summer 2025 Term |
| The tentative timetable is not yet available for the Fall 2025 Term |
| The tentative timetable is not yet available for the Winter 2026 Term |
