As noted earlier, I’m giving a brand new set of lectures on Behavioural Finance at UWS. I am taking a non-standard approach (surprise surprise) because I am dissatisfied with the texts in this area–even though it is generally a non-neoclassical realm.
The reason is that most Behavioural Finance texts give too much credence to the neoclassical definition of rationality–when that definition has as much to do with rational behaviour as walking on water has to do with mass transportation. I also want to include material from chaos theory and econophysics analyses of finance, which most texts haven’t incorporated; and I’m considering micro, macro and finance together since all three are integrated when one abandons the neoclassical fantasies about “rational” agents who can accurately foresee the future.
The first three lectures have been written and are now available on the Lectures page of this blog. For those who’d rather click from here, these are the links:
- Reconsidering Consumer Behaviour
- Reconsidering Producer Behaviour
- Reconsidering Behaviour in Finance
I had hoped to base posts on each lecture, but given the time pressure I’m under right now, this will have to do!