Final Paper

Running head: PROGRESS REPORT OUTLINE 1

PROGRESS REPORT OUTLINE 2

Progress Report Outline

Rachelle Pope

UMUC

03/17/2019

Progress Report Outline

I. Summary

· A summarized description of the competencies with a focus on the specialization and inclusion of the personal characteristics as part of financial decision making.

· Summarization of prominence of factors that drive decision making in investment and thus consideration of the psychological factors that drive the most important aspect and the process in behavioral finance.

· A summary of the deliverables especially in addressing the hypothetical issues raise with regard to portfolio allocation, logic descriptions, the impact of financial decisions

II. Introduction

· Definition and description of the purpose of the project

· Summarization of the theories that drive implementation of the decision and the decision making process in the understanding of career prospecting in finance.

· A detailed description of primary concerns when it comes to decision making, identification of outcomes and inputs, and biases in finances as sector and as part of the responsibilities as an associate

· Discussion of task alignment theories and the validation for decision making as part of the development process is accountability and definition of the circumstance for making a critical decision in finance.

III. Work Completed (Inclusive dates of the period)

· Literature re view and development of an outline

· Case analysis and identification of key issue of concern with regard to the social, clinical, psychological, organizational, personality, accounting, and marketing behavior

IV. Work Scheduled (Inclusive dates for next period)

· Demonstration of the deliverables to demonstrate competency in behavioral finance

· Discussion on prospect theory and its impact on the traditional decision-making process in finance

· Discussion on the biases of financial decision making as a process in the context of investment decisions, allocation of the portfolio

· Explanation of the behavioral finance aspect in professionalism with regard to the Shefrain consulting prospects

V. Sources

· Burton, E., & Shah, S. (2013). Behavioral Finance: Understanding the Social, Cognitive, and Economic Debates. Hoboken, NJ: John Wiley & Sons.

· Dacey, R., & Zielonka, P. (2008). A Detailed Prospect Theory Explanation of the Disposition Effect. Journal of Behavioral Finance 9, 1, 43-50.

· Expected utility theory. (n.d.). Springer. Reference. Doi:10.1007/springerreference_5513

· Michael Holmes, R., Bromiley, P., Devers, C. E., Holcomb, T. R., & McGuire, J. B. (2011). Management Theory Applications of Prospect Theory: Accomplishments, Challenges, and Opportunities. Journal of Management, 37(4), 1069–1107. https://doi.org/10.1177/0149206310394863

· Relationship Theory and Business Markets. (2006). West Yorkshire, England: Emerald Group Publishing.

· Sady Darcy, S.J. & Edimara M. L. (2016). Prospect Theory and the Risks Involved in Decision-Making: Content Analysis in ProQuest Articles. Future Studies Research Journal: Trends and Strategies 8, 1, 60-89.

· Seth, R. and Chowdary, B.A. (2017) Behavioural Finance: A Re-Examination of Prospect Theory. Theoretical Economics Letters 7, 1134-1149. https://doi.org/10.4236/tel.2017.75077

· Sewell, M. (n.d.). Prospect Theory. Retrieved from http://prospect-theory.behaviouralfinance.net/

· Walker, P. P. (n.d.). Prospect theory for uncertainty. Prospect Theory, 342-357. Doi:10.1017/cbo9780511779329.016

· Widekind, S. V. (2008). Evolution of Non-Expected Utility Preferences. Berlin, Germany: Springer Science & Business Media.

VI. Activities Timelines