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Behavioral Finance: The Psychology of Human Misjudgment
Rating: 4.1 out of 5(76 ratings)
1,389 students

Behavioral Finance: The Psychology of Human Misjudgment

How psychology and behavioral finance will make you a better decision maker
Created byGreg Vanderford
Last updated 11/2021
English

What you'll learn

  • Apply psychological principles to investing
  • Apply psychological principles to relationships
  • Apply psychological principles to work
  • Apply psychological principles to business
  • Apply psychological principles to all aspects of life

Course content

1 section • 27 lectures • 4h 5m total length

  • Introduction7:44
  • Contrast Mis-reaction Tendency8:14
  • Social Proof Tendency7:12
  • Deprival Super Reaction Tendency9:14

    Examine how the deprival super reaction tendency drives chasing losses and near-misses in gambling and markets, tapping the lizard brain and fear of missing out.

  • Over Optimism Tendency12:09
  • Pain Avoiding Tendency8:06
  • Reciprocation Tendency9:21
  • Influence from Association7:21
  • Envy/Jealousy Tendency9:02
  • Kantian Fairness Tendency11:32
  • Curiosity Tendency7:39
  • Inconsistency Avoidance Tendency7:59
  • Doubt Avoidance Tendency7:38
  • Disliking Tendency7:35
  • Liking-Loving Tendency4:50

    The liking-loving tendency distorts judgment in hiring, politics, and ads, leading to irrational decisions. Stay objective and consider disliking or scrutiny to improve choice and outcomes.

  • Reward-Punishment Super Response Tendency15:25
  • Stress Influence Tendency8:03
  • Availability Mis-Weighing Tendency6:01

    Explore the availability mis-weighing tendency in behavioral finance, showing how easily recalled information—recent news or market moves—skews investment decisions, and why deeper, relevant data matters.

  • Use it or Lose it Tendency5:31
  • Drug Mis-Influence Tendency8:48

    The lecture explains the drug mis-influence tendency, showing how alcohol and drugs create a self-reinforcing, high-downside risk with limited upside, urging decisive quitting to avoid costly outcomes.

  • Senescence Misinfluence Tendency5:27
  • Authority Mis-Influence Tendency11:09
  • Twaddle Tendency6:32
  • Reason Respecting Tendency3:31

    Examine the reason respecting tendency, showing how people accept even weak reasons as persuasive, and learn to question authority and orders to think for yourself.

  • Lollapalooze Tendency8:22
  • Conclusion5:12

    Explore how cognitive biases drive irrational decisions and how rational thinking improves investing. Learn to apply disciplined judgment to compound wealth and avoid big mistakes.

  • Bonus Material: Investing for 2022 and Beyond36:17

    Update this course to show how rising rates, inflation, debt, and policy shifts reshape portfolios; explore green energy, crypto, new tech ETFs, real estate, and private ventures for real returns.

Requirements

  • A basic understanding of human psychology

Description

BEHAVIORAL FINANCE is a relatively new area of study. 

Blending together psychology and finance, this subject came about as professors and practitioners of both professions found themselves faced with an inescapable truth:


PEOPLE ARE EMOTIONAL ABOUT MONEY!

Not only are people emotional about money, but this emotion and the misjudgement that it causes has a huge negative affect on the average person's finances.

Understanding the Psychology of Human Misjudgement, made popular by Warren Buffett's right hand man Charlie Munger, will help you to make better financial decisions, be a better investor, and help you build wealth much faster.

In this course you will learn:

1. Contrast Misreaction Tendency

2. Social Proof Tendency

3. Deprival Super Reaction Tendency

4. Over Optimism Tendency

5. Pain Avoiding Tendency

6. Reciprocation Tendency

7. Influence from Association

8. Envy/Jealousy Tendency

9. Kantian Fairness Tendency

10. Curiosity Tendency

11. Inconsistency Avoidance Tendency

12. Doubt Avoidance Tendency

13. Disliking Tendency

14. Reward/Punishment Super Response Tendency

15. Stress Influence Tendency

16. Availability Misweighing Tendency

17. Use it or Lose it Tendency

18. Drug Misinfluence Tendency

19. Senesence Misinfluence Tendency

20. Authority Misinfluence Tendency

21. Twaddle Tendency

22. Reason Respecting Tendency

23. Lollapalooza Tendency

Join the course and use your new understanding of Behavioral Finance to make better investing decisions and build more wealth faster than anyone that does not understand these fundamentals principles!



Who this course is for:

  • Students interested in learning how an understanding of psychology can benefit them in their lives

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