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<h2 class="hd hd-2 unit-title">Syllabus and Course Schedule</h2>
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<p style="font-size: 16px;"><strong>Unit 0:</strong></p>
<ul>
<li>Syllabus, Calendar, and Grading Policy</li>
<li>Homework, Discussion, and Collaboration Guidelines</li>
</ul>
<p><strong>Unit 1: Introduction and Financial Orthodoxy</strong></p>
<ul>
<li>Lecture: A Taste of Adaptive Markets</li>
<li>Lecture: The Power of Economics and Finance</li>
<li>Tutorial 1: Probability</li>
<li>Tutorial 2: Hog Cycle</li>
</ul>
<p><b>Unit 2: Rejecting the Random Walk and Efficient Markets</b></p>
<ul>
<li>Lecture: The Random Walk Hypothesis</li>
<li>Lecture: Contemporary Tests of the Random Walk</li>
<li>Tutorial: Random Walks and Variance Ratio Tests</li>
</ul>
<p style="font-size: 16px; display: inline !important;"><strong style="font-size: 16px;">Unit 3: </strong><b>Psychology and Behavioral Biases</b></p>
<ul>
<li>Lecture: Behavioral Biases</li>
<li>Lecture: Psychology and Finance</li>
<li>Tutorial: Utility Theory and Risk Aversion</li>
</ul>
<p><strong>Unit 4: </strong><b>Neuroscience and Decision-Making</b></p>
<ul>
<li>Lecture: Neuroscience</li>
<li>Lecture: Rationality</li>
<li>Lecture: Applications to Finance</li>
</ul>
<p style="font-size: 16px; display: inline !important;"><strong style="font-size: 16px;">Unit 5: </strong><b>Evolution and the Origin of Behavior</b></p>
<ul>
<li>Lecture: Principles of Evolution</li>
<li>Lecture: Behavior and Genetics</li>
<li>Lecture: Sociobiology and Evolutionary Psychology </li>
<li>Tutorial: Maximum and Minimum of IID Random Variables </li>
</ul>
<p style="font-size: 16px; display: inline !important;"><strong style="font-size: 16px;">Unit 6: </strong><b>The Adaptive Markets Hypothesis</b></p>
<ul>
<li>Lecture: The Origin of Behavior</li>
<li>Lecture: Human and Artificial Intelligence</li>
<li>Lecture: The Adaptive Markets Hypothesis</li>
<li>Tutorial: The Binary Choice Model</li>
</ul>
<p style="font-size: 16px; display: inline !important;"><strong style="font-size: 16px;">Unit 7: </strong><b>Hedge Funds – The Galapagos Islands of Finance</b></p>
<ul>
<li>Lecture: What is a Hedge Fund?</li>
<li>Lecture: Alpha, Beta and Hedge Fund Replication</li>
<li>Lecture: Implication for the Current Financial Landscape</li>
<li>Tutorial 1: Linear Regression</li>
<li>Tutorial 2: Using Excel for Regressions</li>
</ul>
<p style="font-size: 16px; display: inline !important;"><strong style="font-size: 16px;">Unit 8: </strong><b>Applications of Adaptive Markets</b></p>
<ul>
<li>Lecture: Hedge Fund Risk, Illiquidity and Systemic Risk</li>
<li>Lecture: Hedge Funds and Systemic Risk</li>
<li>Lecture: The Confluence of Technology with Human Behavior</li>
<li>Supplemental Lecture: COVID-19, An Adaptive Markets Perspective</li>
</ul>
<p style="font-size: 16px; display: inline !important;"><strong style="font-size: 16px;">Unit 9: </strong><b>The Financial Crisis</b></p>
<ul>
<li>Lecture: What Happened?</li>
<li>Lecture: Could We Have Avoided the Crisis?</li>
</ul>
<p style="font-size: 16px; display: inline !important;"><strong style="font-size: 16px;">Unit 10: </strong><b>Ethics and Adaptive Markets</b></p>
<ul>
<li>Lecture: Culture and Evolution</li>
<li>Lecture: The Moral Instinct</li>
<li>Lecture: Morals and Ethics in Practice</li>
<li>Guest Lecture: Prof. Joshua Greene on Ethics</li>
</ul>
<p style="font-size: 16px; display: inline !important;"><strong style="font-size: 16px;">Unit 11: </strong><b>The Future of Finance and the Finance of the Future</b></p>
<ul>
<li>Lecture: Capitalism</li>
<li>Lecture: The Future of Finance and the Finance of the Future</li>
<li>Supplemental Material: Guest Lectures</li>
</ul>
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