Welcome to an open seminar titled  “The behavioral revolution in finance” with Professor Werner De Bondt, Driehaus College of Business, DePaul University, Chicago.

Modern finance is the paradigm that has directed thinking in academic finance since the 1950s. It flows from a grand vision that aims to reconstruct society with individual rational action as its centerpiece. Behavioral finance took off in early 1980s. Its approach is nearly the opposite of modern finance. Behavioral finance does not assume rational agents or frictionless markets. Instead, it examines the psychology of financial decision-making. Furthermore, the institu­­­­ti­­onal environment is seen as critically important.

What has been learned? A key insight is that financial intuition is fragile. It is frequently and predictably flawed. Since decision processes shape decision outcomes, the study of judgment fiascoes helps us to understand, predict and impro­­ve decisions made in households and organizations. Also, widely shared self-reinforcing misconceptions (“eupho­­­ria and hysteria”) regularly cause transient price bubbles in world financial markets. Besides opportunities for profit, the errors of naive investors create much risk, sometimes with macro-economic effects. Policy makers have no choice but to pay close attention.

Werner De Bondt (Ph.D., Cornell University, 1985) is one of the originators of behavioral finance. He studies the psychology of financial decision-making. De Bondt is the Founding Director of the Richard H. Driehaus Center for Behavioral Finance at DePaul University in Chicago. Earlier (1992-2003), he was the Frank Graner Professor of Investment Management at the University of Wisconsin-Madison. During 2019-2020, he was the Thomas F. Gleed Chair of Business Administration at Seattle University. Over the years, he has also taught at universities in Belgium, The Netherlands and Switzerland. Werner De Bondt’s publi­ca­­tions have appeared in top academic journals. He is a frequent speaker to academics and investment professionals around the globe.

Welcome!

Welcome to the CeFEO Practitioners’ Network Seminar:

Date and time: June 8th from 16.00-17:00 via Zoom.

“Engaging the next generation in the family firm: When and how to do it?”

Speaker: Isabel Botero

Completion ceremony for the Teaching Programs, MKV, HR, Global Studies and Master's programs. See information on the Student Web.

Graduation ceremony at JIBS will take place at Kulturhuset Spira on 10 June. Bachelor programmes at 10:00 am and Master programmes at 2:30 pm.

See information on the Student web.

MMTC Research Seminar presented by Gonzalo Luna Cortes

NAILING CEREMONY

Kristina Sollander, doctoral student in Production Systems, will nail her doctoral thesis on June 20th. 

The nailing ceremony takes place at JTHs entrance at 09.30 am and you are all invited to attend. After the ceremony, you are invited to meet for coffee and "spiktårta" that will be served in Galleriet.

The nailing ceremony is an old tradition in which the thesis is released and no changes may be done thereafter. 

The title of Kristina's doctoral thesis is "Unplanned Managerial Work: A Driver for Knowledge Creation and Innovation Capabilities in Manufacturing SMEs".

Kristina will defend her thesis on August 18th at 9 am in E1405 (Gjuterisalen).

Welcome to attend the ceremony!

Welcome to the Final Semnar in Business Administration with PhD student Bryan Malki on 20th of June at 1 pm - 3 pm in B7030.

Title of thesis: The Financial Ambidexterity of the Immigrant Entrepreneurs: An Entrepreneurial Financing Perspective.

External discussant is Professor of Business Administration Jeaneth Johansson from Luleå University of Technology/Halmstad Unversity.