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所在平台: Coursera |
课程主页: https://www.coursera.org/learn/biases-portfolio-selection
课程评论：没有评论
课程名称：偏见与投资组合选择 概述：投资者往往是自己最大的敌人。在这门课程中，您将学习如何利用对行为偏见和金融市场非理性行为的理解来进行投资。课程开始时，您将了解各种行为偏见——投资者常犯的错误，并理解其原因。您将学习如何识别自己和他人的错误，以及这些错误如何影响投资决策和金融市场。此外，您还将探讨不同的偏好和投资期限如何影响最佳资产配置选择。完成本课程后，您将更有效地克服偏见，避免在错误的时间做出错误的决策，并量身定制适合自己或客户的投资策略，满足投资需求。 课程大纲： 第一部分：有效市场假说与套利限制 描述：本模块介绍投资与投资组合管理专业化的第三门课程。我们将首先介绍有效市场假说（EMH）——现代金融的另一支柱理论。您将了解其理论依据以及支持和挑战EMH预测的实证证据（如异常现象）。最后，我们还将讨论为什么“聪明的钱”有时未能利用金融市场的异常现象。 第二部分：偏见与现实偏好 描述：本模块回顾市场理性行为的行为批评。与假设投资者是理性的观点相反，行为金融学的出发点是投资者并非如此。我们将考察心理学家在多个情境中发现的一些信息处理和行为偏见。此外，我们还将考虑描述投资者偏好的更现实的替代方式。 第三部分：非有效市场 描述：在本模块中，我们复习文献中记录的与整体股市和平均股票回报相关的一些难题。我们将探讨在前一模块中讨论的行为偏见和倾向如何可能导致金融市场中观察到的一些难题。 第四部分：应用：投资者行为 描述：在这个简短的最后模块中，我们关注个人投资者的行为，并回顾经验事实，探讨我们在前面模块中讨论的行为偏见和倾向如何影响个人投资者的投资组合选择和交易决策。
Part: 1
Title:Efficient markets hypothesis and limits of arbitrage
Description:This module introduces the third course in the Investment and Portfolio Management Specialization. In this module, we first present the efficient market hypothesis (EMH) – another pillar idea of modern finance. You will learn about its rationale as well as the empirical evidence that supports and challenges the predictions of the EMH such as anomalies. Finally, we will consider why smart money may sometimes fail to exploit away anomalies in financial markets.
Part: 2
Title:Biases and realistic preferences
Description:In this module, we review the behavioral critique of market rationality. In contrast to the presumption that investors are rational, behavioral finance starts with the assumption that they are not. We will examine some of the information-processing and behavioral biases uncovered by psychologists in several contexts. In addition, we will consider alternative, more realistic ways of describing investor preferences.
Part: 3
Title:Inefficient markets
Description:In this module, we review a number of puzzles related to the aggregate stock market and the cross-section of average stock returns that have been documented in the literature. We examine how the behavioral biases and tendencies discussed in the previous module might result in some of these puzzles observed in financial markets.
Part: 4
Title:Applications: Investor behavior
Description:In this last brief module, we turn our attention to the behavior of individual investors and review the empirical evidence on how behavioral biases and tendencies we discussed in the previous modules affect individual investor portfolio choice and trading decisions.
Investors tend to be their own worst enemies. In this third course, you will learn how to capitalize on understanding behavioral biases and irrational behavior in financial markets. You will start by learning about the various behavioral biases – mistakes that investors make and understand their reasons. You will learn how to recognize your own mistakes as well as others’ and understand how these mistakes can affect investment decisions and financial markets. You will also explore how different preferences and investment horizons impact the optimal asset allocation choice. After this course, you will be more effective in overcoming biases to do the wrong things at the wrong times and tailoring an investment strategy that is best suited on your or your client’s profile and investment needs.
