Risk taking transforms our body chemistry—it drives us to extremes of euphoria and unusual behavior or it can cause stress and depression. Imagine how it affects investors.
Behavioral finance is a relatively new field that studies the human response to conventional economics and finance. The Galtere Institute: Finance for the Future Initiative at The University of Tennessee at Chattanooga provides a new perspective on the art and science of trading and investing.
Established by Renée Haugerud, Founder, Chief Investment Officer and Managing Principal of Galtere Ltd. and her husband, University of Tennessee at Chattanooga alumnus John H. Murphy, the Institute embraces both art and science in finance by focusing on the behavioral and psychological aspects of decision-making.
“A better understanding of how cognitive and psychological factors affect investor behavior will help us better understand why bubbles and crashes like the recent financial crisis occur, and will help individual investors become more aware of investment behaviors that undermine their financial goals,” stated Dr. Robert Dooley, Dean of The University of Tennessee at Chattanooga College of Business.
Research also suggests there are differences in the way males and females approach investing, which will be the focus of a presentation by The Galtere Institute: Finance for the Future Initiative at The University of Tennessee at Chattanooga. The 2013 Behavioral Finance Symposium “The Biology of Investor Sentiment – Challenges for Risk Management” will be held Thursday, October 10, 11 a.m.-8 p.m., at the Doubletree Downtown Chattanooga.
“For personal investing, understanding the effects of gender differences on investment decisions can help you develop a more sound investment plan,” Dooley explained.
Dr. John Coates will be the keynote speaker at the symposium. Coates, Senior Research Fellow in Neuroscience and Finance at the University of Cambridge, previously traded derivatives for Goldman Sachs and ran a trading desk for Deutsche Bank. He now researches the biology of risk-taking and stress.
He is the author of The Hour Between Dog and Wolf: How Risk Taking Transforms Us, Body and Mind, short listed for the FT-Goldman Business Book of the Year and the UK Welcome Trust Science Prize. It is the only book to be short-listed for both business and science prizes. His research has attracted interest from business, medicine, the military, and elite sports teams. The journal Foreign Policy named Coates one of the most influential thinkers of 2012.
Additional guest speakers include Denise Shull, author, neuroeconomist, and veteran trader, Founder of ReThink Group; Renée Haugerud, Founder, Chief Investment Officer and Managing Principal of Galtere, Ltd.; Geri S. Hansen, Chief Investment Officer of Attucks Asset Management, LLC; Brian Kelly, Founder of Brian Kelly Capital and regular Contributor to CNBC and “Fast Money”; Kathleen Kelly, Founder and Chief Investment Officer of Queen Anne’s Gate Capital Management; LouAnn Lofton, author of Warren Buffett Invests Like a Girl: And Why You Should, Too; and Jennifer Fan, Partner and Senior Portfolio Manager of Arrowhawk Capital Partners.
Registration is available at http://www.UTC.edu/GaltereSymposium2013
For more details, please call 423-425-5726.
The College of Business at The University of Tennessee at Chattanooga is a nationally ranked business school providing educational programs that produce academically prepared and business-world ready graduates for a competitive global environment. The College of Business has been AACSB internationally accredited since 1982 and is ranked as one of the top business schools nationwide by both Bloomberg BusinessWeek and the Princeton Review.