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Universidad EAFIT
Carrera 49 # 7 sur -50 Medellín Antioquia Colombia
Carrera 12 # 96-23, oficina 304 Bogotá Cundinamarca Colombia
(57)(4) 2619500

Behavioral Finance Workshop Behavioral Finance Workshop Behavioral Finance Workshop: challenges and solutions for developing economies

Evento Behavioral Finance

Presentation​​​​​ the workshop​

The standard rational paradigm of the last fifty years has been successful in explaining many of the empirical regularities of financial markets. However, anomalies have been accumulating that are difficult to explain in terms of the standard rational paradigm, but many of which are consistent with recent findings from psychology. Behavioral Finance makes this connection, applying insights from psychology and neuroeconomics to financial economics. Towards the end of the workshop we will have a panel with Colombian practitioners and policy-makers about challenges they face in their institutions and that could be tackled by the field of Behavioral Finance.


Objective of the event

The aim of this workshop is to bring together researchers interested in behavioral aspects of financial markets and financial decision-making.​​


​​Addressed to:

Executives in finance, Regulators and public policy makers and Financial advisors. Faculty and Researchers in Finance and Economics, interested in Behavioral Finance, Financial Education, Neuroeconomics and Financial Inclusion. Students and general public interested in topics.​​


Keynote speaker ​


Steffen Andersen, PhD
Professor, Copenhagen Business School​

View website​​​

"​People respond to incentives. They do not always do so in a rational or selfish way as usual assumed in economic and business theory. Still, economic and business behaviour follows systematic and predictable patterns. Devising descriptively relevant theories of 'real' economic behaviour is one of the most important and most promising challenges in economics, business and neighbouring disciplines. My research agenda is aimed at contributing to the understanding of how human cognition affects economic behaviour through laboratory, field and natural experimental methodologies. It is an interdisciplinary research agenda, involving scientific competences from economics, business research, medical research and cognitive psychology. Finally, the experimental research program is concerned with the transfer of experimental results to the design of economic institutions and to organizational policies". 

"​A good understanding of how people respond to incentives opens the door to market and strategy design as an engineering science. The goal of much of my recent research is to improve the performance of 'real world' markets and institutions, as well as to optimize individual, business and policy strategies". ​ ​

Scientific Committee

Jimmy Martinez Correa

Copenhagen Business School
View ​website


Gustavo Canavire Bacarreza

Universidad EAFIT​
View website​​​


Diego A. Agudelo

​Universidad EAFIT​
View webs​ite



Save the date:

19th october​, 2017

Place of the event​​:

Block 19th, Classroom 501

Universidad EAFIT, Medellín, Colombia​

   8:00-9:00  ​​Attendee registration
   9:00-9:15  Opening ceremonies
  9:15-10:15 How Rational Are Danes When Investing? Some Lessons for Household Finance
                     Steffen Andersen, PhD, Professor Department of Finance, Copenhagen Business School  

10:15-10:50 Personalized Information as a Tool to Improve Pension Savings: Results from a Randomized Control Trial in Chile 
                     Jeanne Lafortune, PhD, Professor Department of Economics, Pontificia Universidad Católica de Chile 

10:50-11:05 Break 
11:05-11:40 Public vs. Private Mental Accounts: Experimental Evidence from Savings Groups in Colombia  
                     Luz Magdalena Salas, PhD, Assistant Professor of Economics, Pontificia Universidad Javeriana  

11:40-12:15 Aprendizaje en los Mercados Financieros: Una aproximación experimental a la convergencia de precios  
                     Jairo Olarte, Master, Professor of Agrobusiness Master, Universidad de La Salle

12:15-13.30 Lunch
13:30-14:05 How do financial services affect investor psychology? 
                     Fernando Lopez, PhD, Professor Department of Management and Business, Universidad Alberto Hurtado

14:05-14:40 The Effect of Savings Commitments on Asset, Debt, and Retirement Decisions: Evidence from Mortgage Run-offs in Danish                         Registry Data 
                     Philippe Dastous, PhD, Professor Department of Finance, HEC Montreal

14:40-15:15 The Role of Cognitive Abilities on Financial Literacy 
                     Melissa Muñoz, Master, Professor/Research Assistant, Universidad EAFIT

15:15-15:30 Break
15:30-16:05 The Disposition Effect: Evidence on Institutional Investors and Mutual Funds in the United States of America 
                     Juan Sebastian Sandoval, Master, Professor/Research Assistant, Pontificia Universidad Javeriana
16:05-17:30 Discussion Panel with Practitioners and Policy-Makers




The event has no monetary cost for registration, the investment is associated with the time arranged to be in the event.





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Behavioral Finance Workshop: challenges and solutions for developing economies