wharton behavioral finance

wharton behavioral finance

This course serves as an extension of FNCE 100 (FNCE 611). In addition to course prerequisites, FNCE 101 is recommended. Each year, this infrastructure requires updating and new additions, from roads and bridges (the original infrastructure), to railroads, airports (the more recent infrastructure), to telecommications and solar and wind power installations (modern infrastructure). These tools include the "venture capital method," comparables analysis, discounted cash flow analysis, contingent-claims analysis. PSYCH 253: Judgment and Decisions, Contact concentration advisor: Katy Milkman, Business Economics and Public Policy Department, Business Economics and Public Policy Program, Business Economics and Public Policy Major, Prospective Students to Phd Program in Applied Economics, Minor in Sustainability and Environmental Management. The primary audience for this course is finance majors interested in careers in venture capital or in R&D-intensive companies in health care or information technology. The core of the course connects between the legal and actual goals that central banks follow and the related economic analysis on which these goals and policies are set. Performance evaluation and investing in hedge funds from the investor's perspective will be discussed as will be issues of potential changes in regulation, risk management, and the use of leverage. Major topics include managing exchange risk through hedging and financing, measuring exchange rate exposure, calculating the cost of capital for foreign operations, assessment of sovereign risks, capital budgeting from a project and parent perspective, and international taxation. Although academic research has historically placed more attention on corporate finance, household finance is receiving a brighter spotlight now-- partly due to its role in the recent financial crisis. In the capstone project students research and explore a specific behavioral bias or a profitable investment opportunity. Prerequisites: FNCE 101 AND FNCE 251 AND WH 101 AND WH 201 AND (WH 301 OR MGMT 301). The aim of the course is to provide an introduction to shareholder activism. The main topics include: 1) the time value of money and capital budgeting techniques; 2) uncertainty and the trade-off between risk and return; 3) security market efficiency; 4) optimal capital structure, and 5) dividend policy decisions. The concepts developed in FNCE 100 form the foundation for all elective finance courses. This course covers fixed income securities (including fixed income derivatives)and provides an introduction to the markets in which they are traded, as well as to the tools that are used to value these securities and to assess and manage their risk. This joint concentration between the Operations, Information, and Decisions and the Business Economics and Public Policy Department explores the behavioral aspects of economics and decision-making. FNCE 203 or FNCE 207 are recommended but not required. As a result, government regulation plays a major role in these markets. Research shows that many individuals are profoundly underinformed about important financial facts and financial products, which frequently lead them to make mistakes and lose money. It is important as ever to understand both the strategic opportunities offered by these derivative instruments and risks they imply. This course explores Impact Investing, a discipline that seeks to generate social benefits as well as financial returns. There are case studies and two midterms, (depending on instructor). In addition, throughout the course, students are expected to work as a team on the assignments. This section must be taken for a grade. Some are as of financial management not covered in FNCE 100 are covered in FNCE 203. The course covers current conceptual and theoretical valuation frameworks and translates those frameworks into practical approaches for valuing companies. Additionally, recent breakthroughs in the FinTech arena are integrating innovative approaches to help consumers. The relevant accounting topics and the appropriate finance theory are integrated to show how to implement the valuation frameworks discussed on a step-by-step basis. Topics covered in depth include discounted cash flow techniques and price multiples. The concentration provides students with the opportunity to develop an understanding of: (a) the neoclassical rational actor model, (b) modifications to that model which reflect the psychology that drives human behavior, and (c) implications of those modifications for decision-makers, markets and public policy. Office: 2326 SH-DH No prior knowledge of the industry is required, but students are expected to rapidly acquire a working knowledge of real estate markets. Most classes will begin with discussion of a current event related to course topics. Prerequisites: FNCE 100 AND ACCT 101 AND STAT 101. Completion of FNCE 203 and FNCE 205 is recommended. Course topics will address the entirety of the deal process and value creation in the post-acquisition period, and will include the following: - LBO modeling - Commercial due diligence (principles and execution) - Debt financing - Sale & purchase agreements (SPA) - Accounting diligence - Deal structuring - Operations & Value creation Throughout the course, students will learn about each element of the deal process through in-class lectures, while concurrently applying those learnings to former transactions (these must be old enough that sharing material is no longer sensitive).

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