課程名稱︰行為財務 課程性質︰選修 課程教師︰胡星陽 開課學院：管理學院 開課系所︰財金系 考試日期（年月日）︰100.04.18 考試時限（分鐘）：09:10-12:10 (180mins) 是否需發放獎勵金：是 （如未明確表示，則不予發放） 試題 : Your answers can be either in Chinese or English. 1.According to prospect theory, which is preferred? a.Prospect A or B? A(0.80, $50, $0) B(0.40, $100, $0) b.Prospect C or D? C(0.00002, $500,000, $0) D(0.00001, $1,000,000, $0) Are these choices consistent with expected utility theory? Why or why not? 2.Psychologists have found extensive evidence to support overconfidence of human behaviors. Describe it and give some examples. What are the implications of overconfidence on investment behavior? 3.Anchoring is typical of human behaviors. Describe it and give some examples. What are the implications of anchoring on investment behavior? 4.Previous research finds a "post SEO effect." It means that over three years after seasoned equity offerings, the stock performance of SEO-firms are worse than a control group. Can you provide any rational or behavioral reasons on investors to explain this phunomenon? 5.Continue Question 4. If you want to make profit and minimize your risk at the same time from the "post SEO effect," what would you do? Please describe in details. 6.Many experiments show that sometimes people overreact and sometimes they underreact. Is there any reason that can explain these seemingly contradictory behaviors? When is it more likely for people to overreact and when is it more likely to underreact? --

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