PhDr. Karel Báťa
Position: PhD. student
Field of interest: Behaviorální finance
Membership: Doktorandi, Doktorandi - přerušené studium, Katedra mikroekonomie a matematických metod
Contact
Office: 602
Email: karel [DOT] bata [AT] seznam [DOT] cz
Phone: 774334726
Available: Po domluvě
More information
PhD study
Tutor: RNDr. Martin Šmíd Ph.D.
Studying from: 2009
PhDr examination: 10/2009
Final exam:
Dissertation Proposal defence:
Dissertation defence:
Current work:
PhD. candidate
Economic manager at LD MORAVA, Karlovy Vary
Dissertation topic:
Behavioral models of equity markets
Disertation abstract:
Behavioral finance is a rapidly evolving field of Finance. It has been proved that some investors are irrational. Behavioral finance tries to explain the psychological sources of the irrationality as well as to develop models of the actual behavior of investors. Is it possible to develop a model of investment behavior that could fit to the reality?
In my doctoral thesis I would like to focus on the behavioral perspective on the economic agents on financial markets. I would like to create a coherent survey of the corresponding literature. In last two decades, researchers wrote studies on Behavioral finance from different perspectives. The first aim of the thesis is to orientate the reader in the present state of Behavioral Finance, its successes, opportunities, as well as weaknesses.
The period of financial crisis was a period with very volatile stock markets. The behavior of investors during the crisis is an excellent opportunity to study the psychological patterns of decision making under stress. Herd behavior and investment sentiment are likely to be the most important factors behind the movements of prices in times when the fear is spread throughout the global market. In the thesis I would like to study deeper the period of the crisis on the stock markets from the perspective of behavioral finance.
The involved researches believe that behavioral finance is capable to explain several puzzles recognized on the equity markets. In my thesis I would like to provide behavioral explanations of the home bias puzzle. With the help of the Fast and frugal heuristics I would like to develop a model that would explain the investor behavior. Investors are behaving irrationally. How can we predict the outcomes of an investment decision of a group of agents that are heterogeneous, exhibit quite a few psychological biases, as well as the tendency to herd behavior? Investment sentiment is an important driving force behind the investment decision.
Optional courses:
CV
Organisation Memberships
Internal PhD. Candidate
Education
2004 - 2009 IES FSV UK, Magisterský program – Finanční trhy a bankovnictví
2005 (Červenec - Listopad) Otago University, Nový Zealand; Výměnný program
2001 – 2004 IES FSV UK, Bakalářský program – Ekonomická teorie
2003 (August – December)Maastricht University, Nizozemí, ERASMUS-SOKRATES
1994 – 2001 Gymnázium Karlovy Vary
Job history
2011 Akademický pracovník SOC AV
2010+ Akademický pracovník UTIA AV
2008+ Ekonomický manager v lázeňském sanatoriu LD MORAVA, Karlovy Vary
2006 Programový assistant European Spring Institute (www.esi-prague.org)
2004 – 2005 Finanční zprostředkovatel: OVB
2002 Work & Travel USA: Plavčík ve Washingtonu D.C.
Awards and prizes
Pochvala děkana za vynikajicí diplomovou práci
Topics for supervision
Bachelor theses
Behavioral Finance: Synthesis
Behavioral perspectives of the financial crisis
Inefficiency of stock markets
Master theses
Behavioral Finance: Synthesis
Behavioral perspectives of the financial crisis
Inefficiency of stock markets
Supervised Master Theses
all/awarded: 1/0
Awarded: