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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:Behavioral Economics
状态:Probability & Statistics
初级课程小时

精选评论

SS

4.0评论日期:Apr 1, 2021

The concepts are explained in detail but sometimes too much in detail without parallel examples to real life that sometimes, all biases seem to be the same. More videos needed.

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

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.

NH

5.0评论日期:Jan 7, 2021

I found this course to be so insightful and I loved learning about the various biases and behaviors common to many of them. I loved the quiz challenges. A great investment of my time.

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.

DS

4.0评论日期:Aug 15, 2023

The course did challenge the way I looked at and perceived certain financial issues or dilemnas. Based on the number of hours to complete the course I personally found that it took me longer.

KB

5.0评论日期:Jun 4, 2025

Extremely informative, especially as I have almost no prior knowledge about finance. If you want to enrich your knowledge pertaining financial decisions and managements, this is the best course.

AM

5.0评论日期:Aug 15, 2017

Great course! It allows to understand the twisted logic that run in our heads. Helps to establish the balance between probabilistic truth and illusions that infect our decision-making. Thanks a lot!

TB

4.0评论日期:May 11, 2020

The Courses tell us about about a number of biasis using good example. It would have been much more interesting if biases were explained using more example of bubbles and crisis.

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.

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
Philipp Brauner
2.0
评论日期:Aug 14, 2016
Gaurav Singhal
1.0
评论日期:May 14, 2017
Ana Alexandra Velez Mão de Ferro
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
Yuki Mukai
1.0
评论日期:Apr 8, 2018
Can Huzmeli
1.0
评论日期:Aug 8, 2016
Yuze Yuan
2.0
评论日期:Dec 28, 2016
Jason Nickerson
1.0
评论日期:Oct 21, 2020
Maarten van Delft
5.0
评论日期:Aug 21, 2017
Szabolcs Tornyos
2.0
评论日期:Nov 24, 2017
Hilde Komoda
1.0
评论日期:Aug 12, 2016
Jiaxing Liu
2.0
评论日期:Sep 20, 2016
Daniel Šarišský
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