Dubai, 17th Aug. 2009 (WAM) - In a bid to become among the top financial centres in the world, the Dubai International Financial Centres (DIFC) independent regulator, the Dubai Financial Services Authority (DFSA), is providing its future regulators with a professional development course in Behavioural Finance through The British University in Dubai (BUiD) the Middle Easts leading research-based postgraduate university.
Dr. Iyad Rahwan, Senior Lecturer, Faculty of Informatics, and Dr. John Anderson, Senior Lecturer Faculty of Business from BUiD, presented the course, which combined cognitive science and business studies in game theory relating to behavioural effects on financial decisions that people take. "It is important that the countrys future decision makers be able to apply the needed skills to develop the UAEs position as a leading financial hub. Our students have enormous potential to positively benefit their future work environments, and we want to encourage professional development within companies and organisations by providing key structured programmes," said Dr. Abdullah Alshamsi, Vice-Chancellor, BUiD. The one-day course offered an introduction to classical decision theory and game theory, including a lecture on understanding the spread of information and contagious behaviour. The second part of the programme offered the students an introduction to incentive theory, herding behaviour and efficient market hypothesis and its anomalies. The one-day training given to individuals on the Tomorrows Regulatory Leaders (TRL) Programme was organised through BUiDs Professional Development Unit (PDU) which launched in March this year in response to the growing regional demand for specialised fast-track training. BUiD works closely with major corporate clients to create tailored educational and practical programmes that provide a continued professional development route to enhance participants roles in the workplace. BUiDs current masters programmes are available across the fields of Education, Human Resource Management (HRM), Finance and Banking, Project Management (PM), Information Technology and Information Technology Management, Sustainable Design of the Built Environment and Systems Engineering. Under the professional development unit, organisations and individuals have the option of taking independent masters units as a continued professional development course in their specific area of interest.Copyright Emirates News Agency (WAM) 2009.
