Sumários
Students Presentations
16 Maio 2012, 18:00 • Margarida Abreu
Experimental study for Insurance Decisions
Understanding Investors Sentiment: the case of Soccer
The market for financial advice: an audit study
5. Inefficient Markets
9 Maio 2012, 18:00 • Margarida Abreu
Evidence against EMH
1. Earnings announcements momentum
2. Small firm effects
3. January Effect
4. Value investing
6. Predictable serial correlation
7. Long-term winners vs. losers
8. Additional Evidence against EMH: Trading Volume, Prices Volatility, Dividends
Theoretical foundations of efficient markets
Limits to Arbitrage
What hampers arbitrage exploitation?
1. Fundamental risk
2. Noise-trader risk
3. Implementation costs
Presantations
chap. 8 and 5
2 Maio 2012, 18:00 • Margarida Abreu
Financial literacy and portfolio diversification
5. Inneficient Markets
Efficient Markets Hypothesis (EMH)
• SF and the (EMH)
• Portfolio risk and return
• Two-security example
• Efficient set
• The capital market line
• Capital asset pricing model (CAPM)
• Market efficiency
• Joint hypothesis problem
Evidence against EMH
1. Earnings announcements momentum
2. Small firm effects
3. January Effect
4. Value investing
6. Predictable serial correlation
7. Long-term winners vs. losers
8. Additional Evidence against EMH: Trading Volume, Prices Volatility, Dividends
Individual Investor Behavior in the Portuguese Financial Market
18 Abril 2012, 18:00 • Margarida Abreu
Apresentação do Professor Victor Mendes
4. Frame Dependency
11 Abril 2012, 18:00 • Margarida Abreu
· Understanding of Frame Dependence
· Frame and Accessibility
· Framing outcomes
o Discounts and Surcharges
o Money illusion
· Framing and weighting of events
o Nontransparent Dominance
o Miiller-Lyer illusion
o Certainty and pseudocertainty
· Framing consequences: decision-making under risk
o Narrow framing
o Framing and Mental Accounting
o Framing and Insurance Decisions