Hersh Shefrin holds the Mario Belotti Chair in the Department of Finance at Santa Clara University’s Leavey School of Business. Professor Shefrin is a pioneer of behavioral finance.
These lectures discussed how a particular set of psychological concepts impact judgments and decisions across the financial landscape. The landscape includes financial professionals such as portfolio managers and security analysts, corporate managers, central bankers, as well as ordinary consumers and investors. Topics of special attention will be the implications of psychological pitfalls for market efficiency and financial stability, in the context of the global financial crisis.
Lecture 1 – Psychological Foundations of Behavioral Finance
Lecture 2 – Psychological Influences on Portfolio Choice
Lecture 3 – The Market Efficiency Debate
Lecture 4 – Behavioral Asset Pricing Theory
Lecture 5 – Behavioral Corporate Finance
Lecture 6 – Behavioral Dimension of the Global Financial Crisis