Behavioral Finance Fundamentals

[Level 2] The influence of psychology on the behaviour of financial practitioners | taught by Scott Powell
$347.00
FULL ACCESS Bundle - 18 courses and certificates worth over $1,800+ value. Financial modeling, valuation, analysis and more.

Course description

Behavioural finance is the study of the influence of psychology on the behaviour of financial practitioners. In this three part course, you will learn about the wide range of decision making biases and information processing errors that influence our financial decision making.


Part 1 - Decision making biases and errors
In this first module we explore how behavioural finance helps to explain market activity and the behaviour of financial practitioners. By the end of this module, you will have a solid understanding of various behavioural biases including the overconfidence and optimism biases.

  • Overview of decision making biases and errors
  • Reflective versus reflexive decision making
  • The impact of overconfidence and optimism on decision making

Part 2 - Information processing errors
In this second module we explore a wide range of behavioural biases and information processing errors. By the end of this module, you will have a solid understanding of the self-attribution, hindsight, confirmation and representative biases.

  • Self-attribution and hindsight biases
  • Confirmation and representative biases
  • Guarding against the narrative fallacy

Part 3 - How decisions are impacted by others
In this third module we continue our exploration of various behavioural biases and errors as well as learning how decision making is impacted by others. By the end of this module, you will have a solid understanding of the anchoring bias, loss aversion, and herding behaviour.

  • Anchoring bias
  • Loss aversion
  • Herding versus independent thinking

This module incorporates sophisticated search and navigation tools that allow you to go at your own pace while pop quizzes get you to test what you have just learnt. This course also includes a PDF reference guide – Behavioural financial glossary - that can be used while taking the course and downloaded to your computer for future reference.

self deception, heuristic simplification, emotion, social impacts on behavioral finance


behavioral finance course


bahavioural finance course


courses on behavioral finance


Read More

Instructor

Scott Powell
Scott Powell
Head Instructor, Managing Director, MDA Training

Scott has over 15 years experience designing and delivering Wall Street training programs for bulge bracket investment banks.

As Managing Director, MDA Training North America, he works with clients to design and deliver customized learning solutions. His areas of focus are:

    • Commercial banking
    • Investment banking
    • Capital markets
    • Asset management

Scott's clients include Allied Irish Bank, ATB Financial, Bank of America Merrill Lynch, Brandes Investment Partners, Credit Suisse, Coast Capital Savings, Deutsche Bank, Glenview Capital, HSBC, ING, Intact Insurance, JP Morgan, Royal Bank of Scotland, TD and many others.

Prior to joining MDA Training, Scott worked at Ernst & Young and is both a Canadian and UK Chartered Accountant with an honours degree in politics/economics from Trent University, Canada and a master’s degree in international relations/economics from Cambridge University.

Scott sits on the advisory board of the student-run National Investment Banking Competition and Conference which in 2014 attracted over 150 competing teams from universities across North America.

Reviews (8)

My very first experience into Behavioral Finance

by Mustafa Mustansir
This is the first time I've learned about behavioral finance. The course made it very interesting for me to learn more about this area. It was very well taught and explained. Loved it!

Behavioral finance is fascinating!

by Barbara Alvarez
This is a very interesting course. Behavioral finance is fascinating! The course does a great job at covering a wide range of decision making biases and information processing errors.

by Rustom Rupand
I really like this area of finance and the way Scott explains it is very insightful, thanks!
Read more

My very first experience into Behavioral Finance

by Mustafa Mustansir
This is the first time I've learned about behavioral finance. The course made it very interesting for me to learn more about this area. It was very well taught and explained. Loved it!

Very insightful!

by Aarav Singh

Behavioral finance is fascinating!

by Barbara Alvarez
This is a very interesting course. Behavioral finance is fascinating! The course does a great job at covering a wide range of decision making biases and information processing errors.

by Fraser Pogue

by barbara arnold

by Cara Nowen

by Rustom Rupand
I really like this area of finance and the way Scott explains it is very insightful, thanks!

by Jared Blum