The course is designed such that students will be able to complete the following by the end of the course:

Conduct research intended to understand financial behaviour.
Differentiate between normative and positive models of decision-making
Indicate and outline the behavioural anomalies within financial decision-making theories (e.g., the EU framework)
illustrate behavioural anomalies in a real-life decision-making context
Utilize the decision-making models in a risky context
Apply decision-making theories to complex choices

The objective of the course is to provide students with tools to analyse financial decision making behaviour. The course will focus on research methodology that can be used to understand how market participants behave in financial markets (positive approach). This knowledge can be used to develop new financial services and to optimize trading behaviour. Course participants will critically examine the current literature on financial decision-making in economics, management, and psychology. Students will develop skills about setting up a research design (experimental), collecting data (soft and hard data) and analysing the collected data.

Selected papers

This course is in transition for the master Business Research.
See the Master Education and Examination Regulations for more information.

The following rule applies to master Business Research students who started the programme prior to academic year 2024-2025.
TRANSITIONAL REGULATION (XXXXX):
The master Business Research has been discontinued.
Courses of the Business Research master’s programme will continue to be offered until and including academic year 2025-2026 with exam opportunities running until and including 2026-2027.