Duke University - Behavioral Finance
- Offered byCoursera
Behavioral Finance at Coursera Overview
Duration | 5 hours |
Start from | Start Now |
Total fee | Free |
Mode of learning | Online |
Difficulty level | Beginner |
Official Website | Explore Free Course |
Credential | Certificate |
Behavioral Finance at Coursera Highlights
- Shareable Certificate Earn a Certificate upon completion
- 100% online Start instantly and learn at your own schedule.
- Flexible deadlines Reset deadlines in accordance to your schedule.
- Approx. 5 hours to complete
- English Subtitles: Arabic, French, Portuguese (European), Chinese (Simplified), Italian, Portuguese (Brazilian), Vietnamese, German, Russian, Turkish, English, Spanish
Behavioral Finance at Coursera Course details
- 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.
Behavioral Finance at Coursera Curriculum
Week 1
Welcome to Behavioral Finance
Introduction to Classical Economics
Utility of Money
Omission Bias Case Study
Expected Utility vs Prospect Theory
Course Overview
Utility of Money
Omission Bias
Answer Choice Explanations and Correct Answers for Week 1 Quiz
Week 1 Quiz
Week 2
Correlation and Causation Error
Probability Weighting
Relative Probabilities
The Availability Heuristic
Mental Accounting and Expenditures
Loss Aversion
Belief Perseverance and Confirmation Bias
Case Study: Belief Perseverance
Problems with Probability
Probability Weighting
The Availability Heuristic
Framing
Representativeness
Overconfidence
Week 2 Quiz
Week 3
Introduction to Financial Decision Making
Benefits of Saving Early
Money Management
Market Bubbles & Crashes
Week 3 Quiz