Duke University

Behavioral Finance

Taught in English

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155,443 already enrolled

Course

Gain insight into a topic and learn the fundamentals

Emma Rasiel
John Forlines III

Instructors: Emma Rasiel

4.4

(3,889 reviews)

Beginner level
No prior experience required
5 hours to complete
3 weeks at 1 hour a week
Flexible schedule
Learn at your own pace

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Assessments

3 quizzes

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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 quiz

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 quiz

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 quiz

Instructors

Instructor ratings
4.5 (877 ratings)
Emma Rasiel
Duke University
1 Course155,443 learners

Offered by

Duke University

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4.4

3,889 reviews

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Reviewed on Jan 7, 2020

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Reviewed on Mar 27, 2022

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