Books
Title links lead to book details on the IFoA Library catalogue. From here IFoA members, students and affiliates can 'Request' the book from the IFoA Library Service, subject to availability.
- Asset pricing. Revised edition - Cochrane, J.H. Princeton University Press, 2005. ISBN 9780691121376.
(Borrow from libraries) - The monetary and financial system. 4th ed. Goacher, D. Chartered Institute of Banking, 1999. ISBN 9780852975404.
(Borrow from libraries) - Options, futures and other derivatives: global edition. 9th ed. Hull, J. C. Prentice Hall, 2017. ISBN: 9781292212890.
(Borrow from libraries | Access eBook after member login to IFoA eLibrary via Athens*)
The 9th edition is also suggested reading for subject CM2, and core reading for SP6 and SA7 subjects of the IFoA exam curriculum from 2019.Other editions held by the IFoA Library:
Options, futures and other derivatives. 9th USA edition, 2014. ISBN 9780133456318 (Borrow from libraries)
Options, futures and other derivatives. 8th edition, 2011. ISBN 9780273759072.
(Borrow from libraries | Access eBook after member login to IFoA eLibrary via Athens*)
- Understanding infrastructure investments. Mackay-Fisher, K. CEO Forum Group, 2003.
- Principles of corporate finance: global edition. 12th ed. Brealey, R. A.; Myers, S. C.; Allen, F. - McGraw-Hill, 2016. ISBN: 978-125925331 (Borrow from libraries)
[Library holds earlier 11th ed., 2014. ISBN: 978-0077151560 (Borrow from libraries)
Articles and papers
The following journal articles and papers are cited in references of SP5 Core Reading Unit 8 on 'Theory of Finance' and behavioural finance. Most are available via the 'JSTOR' links below after member login to the IFoA eLibrary via Athens.
- Are investors reluctant to realize their losses? Odean, T. The Journal of Finance (1998) 53(5): 1775-1798.
https://jstor.org/stable/117424 - Boys will be boys: gender, overconfidence, and common stock investment. Barber, B.M. and Odean, T. Quarterly Journal of Economics (2001) 116(1): 261-292.
https://jstor.org/stable/2696449 - The cross‐section of expected stock returns. Fama, E.F. and French, K.R. The Journal of Finance (1992) 47(2): 427-465.
https://jstor.org/stable/2329112 -- https://doi.org/10.2307/2329112 - Does the stock market overreact? Bondt, W.F. and Thaler, R. The Journal of Finance (1985) 40(3): 793-805.
https://jstor.org/stable/2327804 -- https://doi.org/10.2307/2327804 - The end of behavioral finance. Thaler, R.H. Financial Analysts Journal (1999) 55(6): 12-17.
https://jstor.org/stable/4480205 - Equity portfolio diversification. Goetzmann, W.N. and Kumar, A. Review of Finance (2008) 12(3): 433-463.
https://doi.org/10.2139/ssrn.627321 - From efficient markets theory to behavioral finance. Shiller, R.J. The Journal of Economic Perspectives (2003) 17(1): 83-104.
https://jstor.org/stable/3216841 - Good day sunshine: Stock returns and the weather. Hirshleifer, D. and Shumway, T. The Journal of Finance (2003) 58(3): 1009-1032.
https://jstor.org/stable/3094570 - Herd behavior in financial markets. Bikhchandani, S. and Sharma, S. IMF Economic Review (2000) 47(3): 279-310.
https://jstor.org/stable/3867650 - Investor sentiment and the cross‐section of stock returns. Baker, M. and Wurgler, J. The Journal of Finance (2006) 61(4): 1645-1680.
https://jstor.org/stable/3874723 - Naive diversification strategies in defined contribution saving plans. Benartzi, S. and Thaler, R.H. American Economic Review (2001) 91(1): 79-98.
- Noise trader risk in financial markets. De Long, J.B., Shleifer, A., Summers, L.H. and Waldmann, R.J. Journal of Political Economy (1990) 98(4): 703-738.
https://jstor.org/stable/2937765 - Prospect theory: An analysis of decision under risk. Kahneman, D. and Tversky, A. Econometrica: Journal of the Econometric Society (1979) 47(2): 263-291.
https://jstor.org/stable/1914185 - Returns to buying winners and selling losers: implications for stock market efficiency. Jegadeesh, N. and Titman, S. The Journal of Finance (1993) 48(1): 65-91.
https://jstor.org/stable/2328882 -- https://doi.org/10.2307/2328882 - Sentiment and stock prices: the case of aviation disasters. Kaplanski, G. and Levy, H. Journal of Financial Economics (2010) 95(2): 174-201.
https://doi.org/10.1016/j.jfineco.2009.10.002 - Sports sentiment and stock returns. Edmans, A., Garcia, D. and Norli, Ø. The Journal of Finance (2007) 62(4): 1967-1998.
https://www.jstor.org/stable/4622322 - A survey of behavioral finance. Barberis, N. and Thaler, R. Handbook of the Economics of Finance, 1B: Financial markets and asset pricing. Chapter 18, 1053-1128. (2003).
Access eBook after member login via Athens - Time series momentum. Moskowitz, T.J., Ooi, Y.H. and Pedersen, L.H. Journal of Financial Economics (2012) 104(2): 228-250.
https://doi.org/10.1016/j.fineco.2011.11.003 - Trading is hazardous to your wealth: the common stock investment performance of individual investors. Barber, B.M. and Odean, T. The Journal of Finance (2000) 55(2): 773-806.
Please contact libraries@actuaries.org.uk for guidance on access to these online articles.
Filter or search events
Events calendar
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F&I Webinar: Disrupting the investment management industry using AI
Webinar30 September 2020
What are the advantages of using artificial intelligence (AI) in investing? What are the differences between traditional quant and AI? This new webinar discusses challenges and the future of AI in the investment sector.
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Sessional Event: The IFRS 17 Contractual Service Margin: A Life Insurance Perspective
Webinar5 October 2020
Delivered by the IFRS 17 Contractual Service Margin working party. -
Why Certified Actuarial Analysts add value to employers, including both insurers and consultancies
Webinar6 October 2020
The Certified Actuarial Analyst (CAA) qualification has rapidly established itself as adding real value, to insurers and consultancies, and to the clients of consultancies, around the World. CAAs work alongside actuaries and actuarial students, as well as other financial services professionals, in an increasingly broad range of roles and fields. -
Why Certified Actuarial Analysts add value to employers
Webinar6 October 2020This session is a repeat of the one earlier today at 09:30 -
Autumn Lecture 2020: Professor Elroy Dimson
Online webinar14 October 2020
Many individuals and institutions have a long-term focus, and invest funds for the benefit of future generations. Their strategy should reflect their long horizon. University endowments are one of the oldest classes of institutional investor, and I will present the first study of the management of these endowments over the very long term. -
GIRO Conference 2020 Webinar Series
Available to watch globally in November.02-13 November 2020
This year's GIRO has been re-designed as a virtual conference to offer members and non-members the opportunity to get up to date content from leading experts in the general insurance field via online webinars. All sessions will be recorded and made available to purchase and re-watch post-event on the IFoA's GI Online Learning Resource area.
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Life Conference 2020 Webinar Series
Online16 November 2020 - 27 November 2020
This year's Life Conference has been re-designed as a virtual conference to offer members and non-members the opportunity to get up to date content from leading experts in the life insurance field via online webinars. All sessions will be recorded and made available to purchase and re-watch post-event on the IFoA's website.
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Autumn Pensions Webinar: Update from The Pensions Regulator (TPR)
Webinar1 December 2020
This webinar will provide an update on the emerging thinking around future regulation of DB schemes:
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Autumn Pensions Webinar: To the end game and beyond
Webinar2 December 2020The webinar will discuss the challenges and opportunities schemes face in evaluating end game options, choosing a target state and understanding the impact this strategic decision could have on member outcomes long after the “end state” is reached. Adolfo, Kevin and Rhian bring over 60 years of experience in the industry and a variety of perspectives as scheme actuary, covenant adviser, trustee, de-risking adviser and insurer. -
Autumn Pensions Webinar: Cash is King - What next for CDI?
Webinar4 December 2020Cash-flow driven investing is a game-changer for DB pension funds navigating their end-game. Suitable for sponsors who want to reduce risks on their balance sheets. And for trustees, it shifts the focus to providing greater certainty of returns, managing funding level volatility and ensuring they have enough income to pay cash-flow requirements. -
Autumn Pensions Webinar: Impact of Dividends
Webinar8 December 2020The talk will provide an understanding of the priorities and relationships between deficit reduction contributions, in the context of wider scheme funding, and different types of value outflow from the employer based on the working party’s recently published report.
Delivered by the IFRS 17 Contractual Service Margin working party.
The Certified Actuarial Analyst (CAA) qualification has rapidly established itself as adding real value, to insurers and consultancies, and to the clients of consultancies, around the World. CAAs work alongside actuaries and actuarial students, as well as other financial services professionals, in an increasingly broad range of roles and fields.
Many individuals and institutions have a long-term focus, and invest funds for the benefit of future generations. Their strategy should reflect their long horizon. University endowments are one of the oldest classes of institutional investor, and I will present the first study of the management of these endowments over the very long term.
