Carol is 23 years old and she is graduating from the University of Calgary this year with a Bachelor of Commerce. Carol is starting a job in September this year in the Finance department of a start-up energy company in Alberta and she will be paid a competitive salary of $50,000 per annum and she may be eligible for bonuses. Carol is optimistic about her future and is looking forward to starting work. Carol owns a 5 year-old car and has a few thousand dollars in the bank and has a $25,000 government student loan outstanding. Based on what you have learned in this course, what suggestions might you give her regarding how she should consider managing her financial plans in the next couple of years? Use insights from three of the academic papers AND two of the Guest Speakers from class, namely:

PAPERS (pick at least three) a. Advances in Prospect Theory: Cumulative Representation of Uncertainty. Amos Tversky and Daniel Kahneman (1992) b. Save More Tomorrow: Using Behavioral Economics to Increase Employee Saving. Richard Thaler and Shlomo Benartzi (2004) c. Do Stock Prices Move Too Much to be Justified by Subsequent Changes in Dividends? Robert Shiller (1981) d. The Equity Premium in Retrospect. Rajnish Mehra and Edward Prescott (2003) e. The Behavioral Life-Cycle Hypothesis. Hersh Shefrin and Richard Thaler (1988) f. The Disposition to Sell Winners Too Early and Ride Losers Too Long: Theory and Evidence. Hersh Shefrin and Meir Statman (1985)

GUEST SPEAKERS (pick at least two) a. Art Johnson: Portfolio Manager at Eddy Wealth.

b. Deborah Yedlin: President and CEO of the Calgary Chamber of Commerce, former Chancellor of the University of Calgary. c. Karan Arora: Founder and Director of BEAST Behavioural Consulting in India.

d. Martin Molyneaux: Creative Destruction Labs, Founding Partner of First Energy, Calgary

e. Silba Staffler: Behavioural Scientist and Coach

f. Wim Steemers: Founder of The Rosevalley Family of (Behavioural Finance) Funds, Portfolio Manager, Aqualand Capital, Sydney