Behavioral Finance and Real Estate

2019-2020
Dit vak wordt in het Engels aangeboden. Omschrijvingen kunnen daardoor mogelijk alleen in het Engels worden weergegeven.

Doel vak

After successfully completing this course you…
- are able to write a research proposal in the area of behavioral
finance and real estate (Academic and Research Skills);
- understand how people are subject to distortions or biases in their
beliefs and have preferences that are not understood in a normatively
acceptable framework (Bridging theory and practice - knowledge);
- understand how behavioral biases affect the decisions of participants
in real estate markets (bridging theory and practice - knowledge);
- understand how the bounded rationality of market participants can
explain the dynamics of real estate markets (bridging theory and
practice- knowledge).

Inhoud vak

This course provides a behavioral perspective on real estate decision
making and markets. In particular, students learn how behavioral biases
affect the decisions of participants in real estate markets, and how the
bounded rationality of market participants can explain real estate
market dynamics. The course starts with a general introduction into the
psychology of decision making. The second part provides a psychological
perspective on property valuations, negotiation outcomes, and mortgage
choices. The last part of the course considers the efficiency and
dynamics of real estate markets, with a special focus on bubbles and
crashes.

Onderwijsvorm

Lectures (2 times 3 hours per week)

Toetsvorm

Written exam (80%) and assignment (20%)

Literatuur

- Bazerman & Moore, Judgment in Managerial Decision Making, Wiley, most
recent edition.
- Selected articles (to be announced).

Doelgroep

This course is part of the Minor Real Estate Economics and Finance, and
also included in the program of the Minor Risk Management for Financial
Institutions.

Algemene informatie

Vakcode E_EBE3_BFRE
Studiepunten 6 EC
Periode P2
Vakniveau 300
Onderwijstaal Engels
Faculteit School of Business and Economics
Vakcoördinator prof. dr. M.J. van den Assem
Examinator prof. dr. M.J. van den Assem
Docenten prof. dr. M.J. van den Assem
dr. K.L. Wolk
dr. D. van Dolder

Praktische informatie

Voor dit vak moet je zelf intekenen.

Voor dit vak kun je last-minute intekenen.

Werkvormen Hoorcollege
Doelgroepen

Dit vak is ook toegankelijk als: