Why People Are Irrational, Biased and Emotional With Money

Description

In this course, we will explore the psychological and behavioral factors that contribute to irrational and biased money decision-making. We will examine the role of cognitive biases and emotions in financial decision-making, and discuss strategies for overcoming these biases to make more rational financial choices.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Highlights

Objectives

After attending this presentation, you will be able to...

• Recognize the psychological and behavioral factors that contribute to irrational and biased money decision-making
• Identify common cognitive biases that impact financial decision-making
• Identify the role of mental accounting in financial decision-making
• Recognize the dangers of the ostrich effect in financial planning
• Use strategies for overcoming cognitive biases and emotions in financial decision-making
• Recognize the impact of present bias on financial planning
• Recognize the pitfalls of the sunk-cost fallacy in financial decision-making
• Identify the role of anchoring bias in financial decision-making
• Recognize the impact of status quo bias on financial decision-making
• Recognize the dangers of the bandwagon effect in financial planning

Designed For

This course is intended for anyone interested in improving their financial decision-making skills, including individuals, financial professionals, and business owners. It will be especially useful for those who have struggled with making irrational or biased financial choices in the past.