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  • Locations: Virtual, International
  • Program Terms: Spring
  • Restrictions: Non-IILE applicants only
  • This program is currently not accepting applications.
Dates / Deadlines:
Dates / Deadlines:
Term Year App Deadline Decision Date Start Date End Date
Spring 2022 01/21/2022
Rolling Admission 01/31/2022 05/24/2022

** Indicates rolling admission application process. Admission is competitive and space is limited. Students are encouraged to apply in advance of our application deadlines.

Indicates that deadline has passed
Program Description:
The seminar will contrast the academic analysis of financial economics with the coverage it receives in the newspapers and on the nightly newscast. The stories on the news are almost always connected with people, whether we observe them shouting bids in a trading floor or talking on two phones simultaneously. Financial markets are dominated by people behaving in many different ways. Yet traditional finance theories concentrate on efficient markets, predictable prices that are determined by the concepts of present value, rates of return and analysis and pricing of computable risks. Human behavior has neither a place in the theory nor a need to be studied. This prevailing view has recently been challenged by the new paradigm of behavioral finance that considers the many anomalies of "rational" behavior and "efficiency" of markets. The new paradigm concerns itself with economic decision-making and investor psychology, and specifically with questions relating to how and why people exhibit a mixture of rational and irrational behavior. The seminar will examine the influence of economic psychology in the decision-making process of various agents as well as in the market's dynamics. Several guest lecturers will also offer their informed views in the development of contemporary finance.

Course Days and Times
Tuesday, 09:10-11:30 (New York Time). 15:10-17:30 (Vienna Time). 

Dimitri Papadimitriou

Course Level

4 US / 8 ECTS

OSUN Partner Offering Course
Bard College Annandale (ANN)


This program is currently not accepting applications.