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Duke University

Behavioral Finance

We make thousands of decisions every day. Do I cross the road now, or wait for the oncoming truck to pass? Should I eat fries or a salad for lunch? How much should I tip the cab driver? We usually make these decisions with almost no thought, using what psychologists call “heuristics” – rules of thumb that enable us to navigate our lives. Without these mental shortcuts, we would be paralyzed by the multitude of daily choices. But in certain circumstances, these shortcuts lead to predictable errors – predictable, that is, if we know what to watch out for. Did you know, for example, that we are naturally biased towards selling investments that are doing well for us, but holding on to those that are doing poorly? Or that we often select sub-optimal insurance payment plans, and routinely purchase insurance that we don’t even need? And why do so many of us fail to enroll in our employer’s corporate retirement plans, even when the employer offers to match our contributions? Behavioral finance is the study of these and dozens of other financial decision-making errors that can be avoided, if we are familiar with the biases that cause them. In this course, we examine these predictable errors, and discover where we are most susceptible to them. This course is intended to guide participants towards better financial choices. Learn how to improve your spending, saving, and investing decisions for the future.

状态:Psychology
状态:Behavioral Economics
初级课程小时

精选评论

AR

5.0评论日期:Apr 2, 2025

This was an excellent course in Behavioral Finance, it was engaging, inspiring, challenging, and interesting. I am so glad I took the course. Instructors were excellent in presenting this course.

JS

5.0评论日期:Jul 18, 2020

Engaging and challenging course. Taking the course gave me a lot of realizations as to my biases on investing and personal finance that I should strive hard to consciously avoid.

LC

4.0评论日期:Oct 28, 2022

T​his was a great course and I love digging deeper into the behaviors that drive finance. I did feel though, that there was somewhat of a disconnect from the material to the quizes.

SK

5.0评论日期:Feb 25, 2020

Good course! There is just one thing I would improve here - an explanation of the mistakes after the tests are done. This improvement should increase the student`s understanding of specific topics.

RJ

4.0评论日期:Dec 24, 2019

Overall, the content was excellent. More practical examples of practicing the principles would have been helpful for completing the exam as well as absorbing the content into long term memory.

PS

4.0评论日期:Jan 10, 2020

The course was pretty good, required a lotta pre requisites and most of all the professors were amazing but didn't teach much less scenarios and no answers to the questions asked in assignments

OS

5.0评论日期:Aug 10, 2020

The instructor was not only knowledgeable, but she also took the time to give real-world applications. Wonderful course full of information to help us better understand our clients.

MD

5.0评论日期:Aug 20, 2017

Insightfull short course on psychological background on investing. Recommend this course for any investment professional or amateur to learn about the most common pitfalls in investing

AA

4.0评论日期:Jun 26, 2018

Great brief introduction to behavioral finance. Covers many topics, directly to the point. Only preferred change would be more videos rather than readings but otherwise phenomenal course.

AC

5.0评论日期:Mar 27, 2022

C​onsolidated content which makes learning process easier. Readings and videos are complementary . It is great to learn what leads us to make mistakes in decision making process.

M

5.0评论日期:May 2, 2018

This course was a very good sum up of Daniel Kahneman's thinking fast and slow. Definitely recommend to everyone who would like to know more about our flaws or would like to refresh your knowledge.

DD

5.0评论日期:Nov 25, 2024

Great Course, i would recommend this to all individuals that have an interest in expending their education in fiance, Awesome professors with very detailed lessons and working materials.

所有审阅

显示:20/1,142

Dane Cannon
1.0
评论日期:Aug 28, 2016
Cooper Oelrichs
1.0
评论日期:Jun 19, 2017
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2.0
评论日期:Aug 14, 2016
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1.0
评论日期:May 14, 2017
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2.0
评论日期:May 3, 2017
Severyn Kurochka
5.0
评论日期:Feb 26, 2020
mayukh mukhopadhyay
1.0
评论日期:May 16, 2020
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评论日期:Apr 8, 2018
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评论日期:Aug 8, 2016
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2.0
评论日期:Dec 28, 2016
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Maarten van Delft
5.0
评论日期:Aug 21, 2017
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2.0
评论日期:Nov 24, 2017
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评论日期:Aug 12, 2016
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评论日期:Sep 20, 2016
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1.0
评论日期:Oct 16, 2018
Chris-Anna Lazar
1.0
评论日期:Nov 12, 2020
Martin Štourač
5.0
评论日期:May 2, 2018
NISHANT KUMAR
1.0
评论日期:Oct 31, 2020
Tiago Filipe Almeida Matos
5.0
评论日期:Mar 22, 2018