For the Behavioural Finance project, students are required to conduct research on topic of
their choice, subject to the following conditions:
- The project topic should be closely related to at least two of the topics taught in the
course Behavioural Finance, including
a. Judgment and decision making under uncertainty; prospect theory
b. Central behaviour finance effects (e.g. the disposition effect and attention
c. Emotional finance theories
d. Financial practitioner – client relationship
e. Bank client behaviour
f. Financial crime
g. Ethics in Finance.
- The topic should go beyond the existing Behavioural Finance literature.
- It should be possible to study the topic using quantitative research methods. The use
of qualitative research methods in addition to quantitative methods is optional.
- The topic should enable research which is in line with the ethics requirements of the
School of Management. If the research involves participants, it should satisfy the
Ethics Code of Conduct of the British Psychology Society.
In particular, students are required to
• Conduct a literature survey on their topic
• Formulate a research question and two relevant hypotheses
• Design a study to test the two hypotheses. The study can include an experiment, a
survey, or analysis of secondary data
• For studies involving experiments or surveys: submit an ethics form through the
ethics form Turnitin box on the web site of the course. The work on the project is
conditioned by an approval of the ethics form
• Conduct the study
• Analyse the data