The course focuses on studying household demand for assets and for loans. The course starts off by briefly discussing how households should optimally invest. These insights are then contrasted with research that has produced ample evidence that households make mistakes and deviate from normative recommendations. Apart from discussing the costs of the mistakes, the class will introduce students to and elaborate on behavioral concepts as potential reasons for these mistakes. The class will then discuss research on potential remedies of these investment mistakes. Finally the class discusses how the insights from research might be incorporated into a bank’s business model and to what extent regulatory actions might help.
Upon completion of this course, you will be able to:
- Contrast the theoretic recommendations on how household should invest with actual household behaviour
- Discuss potential reasons for investment mistakes
- Know which investment mistakes are most detrimental to investors
- Assess the impact of financial advice
- Discuss the future of banking with private clients
- Portfolio Management & Financial Planning
- Behavioral Finance
- Portfolio Performance Measurement
- Basics of Bank Management
This course is offered in the part-time Master in Finance program and may be attended on a “no credit” basis by individuals not enrolled in the program. Course participants are visitors who are not responsible for assignments and do not take an exam or earn academic credits. As the number of seats in the course is limited, we recommend to register online early.
Prof. Meyer’s research explores a variety of topics of decision making on financial markets including personal and household finance. He is particularly interested in stock market participation, the effects of financial advice and trading motives of private investors. He has published scholarly articles on these subjects, which have been published in journals such as Review of Financial Studies, Review of Finance, Schmalenbach’s Business Review and the Journal of Financial Markets and Portfolio Management.
|Friday, July 14, 2018|
|Saturday, July 21, 2018|
|Saturday, July 28, 2018||14:30-16:30|