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CAS Exam 9 Study Notes: Behavioural Finance
2019-04-02
My notes on behavioural finance are now available. These notes correspond to Chapter 12 of the textbook Investments by Bodie, Kane, and Marcus, and objective A10 on the syllabus. The notes explain how market inefficiencies can arise as a result of information processing errors and behavioural biases, and introduce some technical tests that attempt to detect evidence of these biases in market trends.
Keywords: Actuarial Science, Study Note, Exam 9