Scott Powell – Behavioral Finance – CFI Education

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Exploring the Essential Features of “Scott Powell – Behavioral Finance – CFI Education”

Behavioral Finance Course

Ever wondered about the psychology that drives capital markets? In this course, we will introduce you to behavioral finance and how it impacts markets.

• Learn why behavioral finance is important to consider
• Understand biases and how they impact investment decisions
• Better tune your psychology to trade better

Overview

Behavioral Finance Course Overview
Behavioral finance is the study of the influence of psychology on the behavior of financial practitioners. In the course, you will learn about the wide range of decision-making biases and information processing errors that influence our financial decision-making. We’ll start the course with what behavioral finance is and its impacts on financial markets. We will then explore the most common self-deception biases, cognitive biases, and emotional biases. We will discuss their causes and potential measures you can take to manage them. We’ll finish the course by discussing loss aversion and herding bias.

Behavioral Finance Learning Objectives
Upon completing this course, you will be able to:

• Understand what behavioral finance is, how it differs from modern finance, and how it impacts financial markets
• Describe the most common self-deception biases, their causes, and potential measures you can take to prevent them
• Understand cognitive biases and explore their root causes with real-life examples
• List the most common emotional biases and discuss their causes with examples
• Understand loss aversion and other biases that contribute to its effect
• Study the herding bias and other social factors that distort decision-making

Who Should Take This Course?
This Behavioral Finance course is perfect for anyone who wants to be well-rounded in their analysis. This course is designed to equip anyone who desires to begin a career in fixed income, equity, sales and trading, or other areas of finance.

What you’ll learn

• Introduction
  Course Introduction 
  Downloadable Files
  Behavioral Finance & Decision Making Biases 
  Reflective vs. Reflexive Reasoning 
  Interactive Exercise 1
  Two Reasoning Exercise 
  Two Reasoning Poll 
  Two Reasoning Exercise (cont.) 
  Cognitive Reflection Task (CRT) Exercise 
  Self-Control is Limited 
  Interactive Exercise 2 
• Self Deception Biases
  Overview of Behavioral Finance Biases
  How Self Deception Biases Impact Decision Making in Finance
  Optimism Bias
  Interactive Exercise 3
  Optimism Bias Case Studies & How We Can Guard Against It
  Rate Your Driving Skills Exercise
  Rate Your Driving Skills Poll
  Rate Your Driving Skills Exercise (cont.)
  Overconfidence Bias
  Interactive Exercise 4
  Overconfidence Bias Case Studies & How We Can Guard Against This Bias
  Compare Financial Models Exercise
  Compare Financial Models Poll
  Compare Financial Models Exercise (cont.)
  Illusion of Knowledge & Control
  Illusion of Control Case Study & How We Can Guard Against These Illusions
  Interactive Exercise 5
• Cognitive Biases
  Overview of Cognitive Biases
  2008 Global Financial Crisis Exercise
  2008 Global Financial Crisis Poll
  2008 Global Financial Crisis Exercise (cont.)
  Hindsight Bias
  Hindsight Bias Case Study
  Interactive Exercise 6
  Self-Attribution Bias
  Self-Attribution Bias Case Study
  How Can We Guard Against Self-Attribution & Hindsight Bias
  International News Exercise
  International News Poll
  International News Exercise (cont.)
  Confirmation Bias
  Confirmation Bias Case Study
  Confirmation Bias Exercise
  Confirmation Bias Poll
  Confirmation Bias Exercise (cont.)
  How Can We Guard Against Confirmation Bias
  Interactive Exercise 7
  Finding Patterns Exercise
  Clustering Illusion & How We Can Guard Against It
  Guess the Likelihood of an Event
  Guess the Likelihood of an Event Poll
  Guess the Likelihood of an Event (cont.)
  Representative Bias
  Representative Bias Case Study
  How Can We Guard Against Representative Bias
  Interactive Exercise 8
  Investment Strategy Exercise
  Investment Strategy Poll
  Investment Strategy Exercise (cont.)
  Status-Quo Bias
  Status-Quo Bias Case Study
  How Can We Guard Against Status-Quo Bias
  Interactive Exercise 9
  Shopping Exercise
  Shopping Poll
  Shopping Exercise (cont.)
  Anchoring Bias
  Anchoring Bias Case Study #1
  Interactive Exercise 10
  Anchoring Bias Case Study #2
  How Can We Guard Against Anchoring Bias
  Choose Your Treatment Exercise Question #1
  Choose Your Treatment Question #1
  Choose Your Treatment Exercise Question #2
  Choose Your Treatment Question #2
  Choose Your Treatment Exercise Analysis
  Framing Bias
  Framing Bias Case Study
  Now You Have a Go…
  Even Word Order Can Impact Framing
  How Can We Guard Against Framing Bias
  Interactive Exercise 11
  Midway Check-In
• Emotional Biases
  Overview of Emotional Biases & Three Founders Exercise
  The Narrative Fallacy
  The Narrative Fallacy Case Study
  How Can We Guard Against the Narrative Fallacy
  Interactive Exercise 12
  Common Denominator Exercise & The Endowment Effect
  The Endowment Effect Case Study & How We Can Guard Against These
  Interactive Exercise 13
  Portfolio Management Exercise
  Portfolio Management Poll
  Portfolio Management Exercise & The Disposition Effect
  The Disposition Effect Case Study & How We Can Guard Against It
  Interactive Exercise 14
  Lottery Exercise Question #1
  Lottery Question #1
  Lottery Exercise Question #2
  Lottery Question #2
  Lottery Exercise Analysis
  Loss Aversion & Prospect Theory
  Loss Aversion Case Study
  How Can We Guard Against Loss Aversion
  Interactive Exercise 15
• Social Biases
  Behavioral Biases Exercise
  Behavioral Biases Poll
  Behavioral Biases Exercise & Herding Bias
  Herding Bias Case Studies
  How Can We Guard Against Herding Bias
  Interactive Exercise 16
  Gender Biases & Case Study
  How Can We Guard Against Gender Biases
  Course Summary
• Qualified Assessment
  Qualified Assessment

This Course is Part of the Following Programs
Why stop here? Expand your skills and show your expertise with the professional.
 
All Capital Markets & Securities Analyst (CMSA)® Courses
Behavioral Finance is part of the Capital Markets & Securities Analyst (CMSA)®, which includes 41 courses.

• Skills Learned
  Trading strategies used in the finance and capital markets
• Career Prep
  Work in capital markets, whether on the buy-side or the sell-side 

Financial Planning & Wealth Management (FPWM)™
Behavioral Finance is part of the Financial Planning & Wealth Management (FPWM)™, which includes 26 courses.

• Skills Learned
  Financial Learning, Business Development, Investment Management, Practice Management, Relationship Management
• Career Prep
  Financial Planner, Investment Advisor, Portfolio Manager

Please see the full list of alternative group-buy courses available here: https://lunacourse.com/shop/