- 28 Videos
- 9 Quizzes
- 3 Downloads
- 2.0 hrs
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.
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.