2013躇只尔经济学类 )The laureates have laid the foundation for the current Inderstanding of asset prices. It relies in part on fluctuations in risk and risk attitudes, and in part on behavioral biases and market frictions ,One approach interprets these findings in terms of the response by rational investors to uncertainty in prices. High future returns are then viewed as compensation for holding risky assets during unusually risky times )Another approach focuses on departures from rational investor behavior. So-called behavioral finance takes into account institutional restrictions, such as borrowing limits, which prevent smart investors from trading against any mispricing in the market. 8 流剃岭贸六子 2021/1/28 University of International Business and Economics
2013年诺贝尔经济学奖 “The Laureates have laid the foundation for the current understanding of asset prices. It relies in part on fluctuations in risk and risk attitudes, and in part on behavioral biases and market frictions.” “One approach interprets these findings in terms of the response by rational investors to uncertainty in prices. High future returns are then viewed as compensation for holding risky assets during unusually risky times.” “Another approach focuses on departures from rational investor behavior. So-called behavioral finance takes into account institutional restrictions, such as borrowing limits, which prevent smart investors from trading against any mispricing in the market.” 8 2021/1/28
课程目标 系统学习资产定价理论 掌握经典的定性和定量分析工具 培养正确的学科思维 9 流剃岭贸六子 2021/1/28 University of International Business and Economics
课程目标 系统学习资产定价理论 掌握经典的定性和定量分析工具 培养正确的学科思维 9 2021/1/28
饼授原则 》前沿性 系统性 代表性 实践性 10 流剃岭贸六子 2021/1/28 University of International Business and Economics
讲授原则 前沿性 系统性 代表性 实践性 10 2021/1/28
孝教材及书籍 >教材 Zvi Bodie, Alex Kane, Alan]. Marcus: Investments, 9th Edition (机械工业出版社,翻译版和影印版) 《证券投资学》,北京大学出版社,第3版,曹凤岐等编著 高级参考书 金融经济学(王江;黄奇辅;汪昌云) 行为金融 行为金融学:心理、决策与市场(清华大学出版社、影印版) >兴趣阅读 《漫步华尔街》伯顿马尔基尔,机械工业出版社,2010 《机构投资者的创新之路》大卫.史文森 《非理性繁荣》罗伯特希勒,人民大学出版社,2008 流剃岭贸六子 2021/1/28 University of International Business and Economics
参考教材及书籍 ➢ 教材 ➢ Zvi Bodie, Alex Kane, Alan J. Marcus: Investments, 9th Edition （机械工业出版社，翻译版和影印版） ➢ 《证券投资学》,北京大学出版社，第3版，曹凤岐等编著 ➢ 高级参考书 ➢ 金融经济学(王江；黄奇辅；汪昌云) ➢ 行为金融 ➢ 行为金融学：心理、决策与市场(清华大学出版社、影印版) ➢ 兴趣阅读 ➢ 《漫步华尔街》伯顿.马尔基尔，机械工业出版社，2010 ➢ 《机构投资者的创新之路》大卫.史文森 ➢ 《非理性繁荣》罗伯特.希勒，人民大学出版社，2008 11 2021/1/28
课程內容 1.投资环境 2.风险、收益与偏好 3.最优投资组合理论 4.资本资产定价模型 5.因素模型与套利定价理论 6.资产定价模型的实证检验及拓展 7.投资组合绩效评估 8.有效市场与证券收益异象 9.行为金融与资产价格 10.固定收益证券及投资组合管理 12 流剃岭贸六子 2021/1/28 University of International Business and Economics
课程内容 1. 投资环境 2. 风险、收益与偏好 3. 最优投资组合理论 4. 资本资产定价模型 5. 因素模型与套利定价理论 6. 资产定价模型的实证检验及拓展 7. 投资组合绩效评估 8. 有效市场与证券收益异象 9. 行为金融与资产价格 10. 固定收益证券及投资组合管理 12 2021/1/28