Duke University

Behavioral Finance

Emma Rasiel
John Forlines III

Instructors: Emma Rasiel

170,900 already enrolled

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Gain insight into a topic and learn the fundamentals.
4.4

(4,105 reviews)

Beginner level
No prior experience required
Flexible schedule
Approx. 5 hours
Learn at your own pace
96%
Most learners liked this course
Gain insight into a topic and learn the fundamentals.
4.4

(4,105 reviews)

Beginner level
No prior experience required
Flexible schedule
Approx. 5 hours
Learn at your own pace
96%
Most learners liked this course

Details to know

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Assessments

3 assignments

Taught in English

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There are 3 modules in this course

Welcome to the course! In this first week, we'll look at the classical economic model of consumer choice, which assumes that all of the decisions that we make are sensible, or “rational.” Once we have examined the underlying theory of how people should behave (especially around financial decisions), we will move on to examine how people do behave. We will focus in particular on situations in which we are most inclined to make decisions that appear to defy rational choice axioms.

What's included

5 videos4 readings1 assignment

Welcome to the second week. In this session, we will discover how our minds are inclined to distort probabilities, and either underestimate or overestimate the likelihood of certain outcomes. We’ll also learn about “heuristic-driven bias”: the tendency to use rules of thumb that simplify the process of making decisions, but can also lead to predictable errors. These biases negatively affect our decision-making far more than we might expect; especially when the outcome of the decision has great significance for us.

What's included

8 videos6 readings1 assignment

In the final week of the course, we will see multiple examples of how mental heuristics can lead us to make predictably sub-optimal financial decisions, both individually and across the entire financial markets. We will also discuss the many ways in which you can now improve your financial decision-making because of your deeper understanding of the innate biases that have tripped you up in the past!

What's included

2 videos2 readings1 assignment

Instructors

Instructor ratings
4.5 (922 ratings)
Emma Rasiel
Duke University
1 Course170,900 learners

Offered by

Duke University

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4.4

4,105 reviews

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    25.43%

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    8.12%

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    2.40%

  • 1 star

    1.82%

SP
5

Reviewed on Oct 9, 2020

SS
4

Reviewed on Apr 1, 2021

LC
4

Reviewed on Oct 28, 2022

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