چکیده (انگلیسی):

The traditional approach to teaching a course in investments is predicated upon the efficient market
hypothesis, modern portfolio theory, and the assumption that decision-makers are rational, wealth
optimizing entities. Recent developments in the arena of behavioral finance (BF) have raised
questions about this approach. Although the idea of efficient markets is widely accepted in academic
circles, financial markets often fail to behave as predicted by the theory. For the teacher of
undergraduate investments, these divergent views create significant pedagogical challenges and
opportunities. BF has particular implications for investing in financial markets, where the faith in
rational behavior is perhaps the greatest. This paper identifies alternative strategies for dealing
with these issues in the classroom.