$1.$ Identify and explain historical examples of decision making under uncertainty and the errors made by historical investors.

$2.$ Discuss the development of modern portfolio theory and explain the fundamental principles on which it is based.

$3.$ Discuss the efficient market hypothesis and identify the three levels of market efficiency.

$4.$ Explain the difference among weak form, semi$-$strong form, and strong form market efficiency.

$5.$ Define behavioral finance and compare it to traditional finance.

$6.$ List important behavioral finance assumptions.

$7.$ Discuss the concept of framing and how it explains the equity premium puzzle.

$8.$ Explain prospect theory and how behavioral decision makers estimate the probability of future events.

$9.$ Explain how behavioral investors process information in the context of bounded rationality. $10.$ Define cognitive errors.

$11.$ Provide an example of mental accounting and discuss the consequences of this cognitive error.

$12.$ Provide examples of both confirmation and hindsight biases.

$13.$ Discuss how cognitive errors are violations of modern portfolio theory.

$14.$ Summarize the reason loss aversion is regularly exhibited by some investors.

$15.$ Contrast loss aversion with regret aversion.