Credits: 6

Schedule: 11.09.2019 - 22.10.2019

Teacher in charge (valid 01.08.2018-31.07.2020): 

Professor Markku Kaustia

Teaching Period (valid 01.08.2018-31.07.2020): 

I (2019-2020)

Not lectured during academic year 2018-19

Learning Outcomes (valid 01.08.2018-31.07.2020): 

Students will be able to distinguish between standard and behavioral finance aspects in households’ and firms’ financial decisions; identify the main judgment heuristics and biases; suggest comprehensive solutions to business situations involving financial products and services; propose relevant connections between financial phenomena and underlying behavioral traits.

Content (valid 01.08.2018-31.07.2020): 

Behavioral aspects of investment decisions, financial markets, and product design

Assessment Methods and Criteria (valid 01.08.2018-31.07.2020): 

Graded assignments and final exam

Workload (valid 01.08.2018-31.07.2020): 

Final exam (50%), Assignments (50%)

Study Material (valid 01.08.2018-31.07.2020): 

 Articles and cases announced by the lecturer.

Course Homepage (valid 01.08.2018-31.07.2020): 

MyCourses 28E00100 Behavioral Finance and Decision Making

Prerequisites (valid 01.08.2018-31.07.2020): 

Prerequisites: Corporate Finance, Investment Management (or comparable courses).

The course is an advanced level course for MSc students.

Grading Scale (valid 01.08.2018-31.07.2020): 


Registration for Courses (valid 01.08.2018-31.07.2020): 


Further Information (valid 01.08.2018-31.07.2020): 

A maximum of 80 students can be accepted to the course. 

- Students at Aalto Finance M.Sc. programme (i.e. who have graduated as B.Sc.) will be guaranteed a seat on Finance M.Sc. courses. Finance M.Sc. students re-taking the course (grade already registered in WebOodi) will not be prioritized and can participate only if there are places remaining. 

- CEMS students are similarly guaranteed a seat for Finance M.Sc. courses, which have been designated as CEMS courses. 

Remaining seats are prioritized as follows, in the order of registration in WebOodi within one category: 
1. Finance M.Sc. exchange students from other universities 
2. Aalto Finance B.Sc. students with a finished B.Sc. thesis (registered in transcript of records) 
3. All other M.Sc. students 

Please follow carefully the registration deadlines of the courses and exams! Missing registration deadline automatically foregoes a guaranteed seat for Finance M.Sc. courses and puts prospective student at the bottom of the prioritization list. 

Students may be required to confirm their registration by signing the participation list circulated during the first lecture.


Registration and further information