survey evidence in finance

Time: 4.-6.10.2023

Place: Otaniemi, Espoo, Aalto University School of Business

Instructor: Professor Samuel Hartzmark (Carroll School of Management, Boston College)

NFN Travel Grant: NFN offers Travel Grants for attending PhD students in finance coming from Nordic institutions outside of Finland. To apply for the Travel Grant, please use this this form, and send it to nfn (at)

Lectures: 12 h of lectures (12 x 45 minutes)

Wednesday 4.10.2023 14:00-18 V001, Ekonominaukio 1
Thursday 5.10.2023 10:00-14 U250a Finavia, Otakaari 1
Friday 6.10.2023 10:00-14 T003, Ekonominaukio 1

Course Objectives: This course will explore survey design and the application of survey evidence to the study of finance. The class will include an overview of the literature surrounding survey design with a focus on learning how to design questions that elicit accurate and meaningful answers. It will discuss strengths and shortcomings of survey evidence and what finance applications are promising for its use. The course will cover the evolution of surveys in finance and discuss a number of current papers that utilize survey evidence. 

Syllabus and reading list: PDF

Access to the articles is subject to your home institutions’ subscriptions to the databases. If you have a problem with getting access to the course material, please contact GSF office gsf @ for advice.

Lecture notes:

Lecture notes 1

Lecture notes 2

Lecture notes 3

Password for opening the course material will be emailed to the students.

Credit units: 3 ECTS cr.

List of Participants: PDF

Participants: Doctoral students in Finance, Economics and related disciplines. The course is also open for KATAJA as well as FDPE and Helsinki GSE students with sufficient background in finance and/or economics. The course is also open for foreign doctoral students given that there is space in the course.


Grading: Term paper. In order to pass the course, one needs at least 50% of the points.

Term paper deadline: Monday, November 6, by midnight. Please return the term paper to GSF coordinator via email at reetta.ali-alha (@) Please respect the deadline promptly.

Registration / Application 

  • Doctoral students of GSF, FDPE and Helsinki GSE: Please register through this link
  • Doctoral students in related fields and doctoral students at foreign universities: Application form can be found here: PDF file or Word file. Please, send in addition to your complete contact information, a report on the status of your doctoral studies, and a brief CV. Please ask also your thesis advisor to send us a short letter of recommendation by-email. All the required documents should be sent by e-mail to All students will be informed of their acceptance soon after the deadline.
The deadline for registering in this course is September 22, 2023.