An Introduction To Behavioral Finance & Cognitive Biases

Learn about behavioral finance and cognitive biases, and how they impact the financial markets and our decisions

What you'll learn

Concepts of behavioral finance

The difference between classical and behavioral finance

Cognitive biases

Emotional biases

Group effects

Strategies to improve decision making

Market anomalies

Requirements

Some basic understanding of finance

Description

Welcome to the homepage of my second course in English regarding market finance, this time focused on behavioral finance. I created this course because I believe that behavioral finance and cognitive biases are fascinating subjects but still too little known by the general public. Moreover, these biases can be very punishing for novice investors. It is therefore important to be aware of them and to know how to protect yourself, to avoid falling into stupid traps. The objective of the course is to provide a solid foundation of knowledge on the topic and to explore the different types of biases that can be found in the trading world. The course is divided into 5 parts, covering the following topics:The link between behavioral finance and the financial markets;Cognitive biases;Emotional biases;Group effects (social cognition);Strategies to improve decision making         Do not forget that I am also here to answer your questions if you have any. Finally, you can access my other training courses on the topic of market finance, also on Udemy :In English: An introduction to Asset Classes (Equity, Bonds, FX…)In French:Les fondamentaux de la bourse et du trading La bourse & les produits dérivés (swap, forward, option…)La finance comportementale et les biais cognitifs

Overview

Section 1: Introduction

Lecture 1 Introduction

Lecture 2 Key concepts

Section 2: Behavioral finance and the financial markets

Lecture 3 The theory of market efficiency

Lecture 4 Market anomalies

Section 3: Cognitive biases

Lecture 5 Introduction

Lecture 6 Conservatism bias

Lecture 7 Confirmation bias

Lecture 8 Representativeness heuristic

Lecture 9 Hindsight bias

Lecture 10 Anchoring bias

Lecture 11 Framing bias

Lecture 12 Availability bias

Section 4: Emotional biases

Lecture 13 Introduction

Lecture 14 Loss aversion

Lecture 15 Overconfidence

Lecture 16 Endowment effect

Lecture 17 Status quo bias

Section 5: Group effects (social cognition)

Lecture 18 Introduction

Lecture 19 Bandwagon Effect

Lecture 20 Fear Of Missing Out (FOMO)

Lecture 21 Authority bias

Section 6: Strategies to improve decision making

Lecture 22 Introduction

Lecture 23 For cognitive biases

Lecture 24 For emotional biases

Lecture 25 For group effects

Section 7: Conclusion

Lecture 26 Conclusion

People interested in market finance,Students who wish to pursue studies in finance,Independent traders looking for knowledge on the subject,People interested in improving their decision making