What you will learn in Behavioral Finance Course
Understand the classical economic model of consumer choice and its assumptions.
Explore how real-world financial decisions often deviate from rational models due to cognitive biases.
Learn about various biases such as loss aversion, overconfidence, and mental accounting.
Apply behavioral finance concepts to improve personal and professional financial decision-making.
Program Overview
Module 1: Introduction to Behavioral Finance
⏳ 1 hour
- Overview of classical economics and rational decision-making assumptions.
- Introduction to the field of behavioral finance and its relevance in understanding financial behavior.
Module 2: Cognitive Biases in Financial Decision-Making
⏳ 2 hours
- Detailed exploration of cognitive biases such as loss aversion, overconfidence, and mental accounting.
- Real-world case studies illustrating the effects of these biases on financial decisions.
Module 3: Applications of Behavioral Finance
⏳ 2 hours
- Learn how behavioral finance concepts can be applied to investment strategies, retirement planning, and consumer behavior.
- Strategies for mitigating the effects of biases in financial decision-making.
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Job Outlook
Enhances understanding of financial decision-making processes, beneficial for careers in finance, investment banking, and financial planning.
Provides insights into consumer behavior, aiding in roles related to marketing and product development.
Completing this course can bolster qualifications for roles requiring strong analytical and decision-making skills.
Specification: Behavioral Finance Course
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