Teaching Interest
Teaching Interest
Information in Financial Markets (Econ 970, Spring 2016)
Description
Second-year undergraduate course covering various aspects of information propagation in financial markets. The course is divided into four units. We begin by covering canonical pricing anomalies that illustrate the importance of information distribution and consumption in financial markets. The course then presents current research on reactions to information contained in news, before addressing the question of whether sophisticated players such as institutional investors have superior skill in acquiring and processing information. The course concludes by examining some key psychological biases, such as overconfidence, that are likely to afflict even the most competent finance market participants.