Behavioral Finance

The influence of psychology on the behavior of financial practitioners

Behavioral Finance

Overview

Behavioral Finance Course Overview

Behavioral finance is the study of the influence of psychology on the behavior of financial practitioners. In the course, you will learn about the wide range of decision-making biases and information processing errors that influence our financial decision-making. We’ll start the course with what behavioral finance is and its impacts on financial markets. We will then explore the most common self-deception biases, cognitive biases, and emotional biases. We will discuss their causes and potential measures you can take to manage them. We’ll finish the course by discussing loss aversion and herding bias.

Behavioral Finance Learning Objectives

Upon completing this course, you will be able to:

Understand what behavioral finance is, how it differs from modern finance, and how it impacts financial markets
Describe the most common self-deception biases, their causes, and potential measures you can take to prevent them
Understand cognitive biases and explore their root causes with real-life examples
List the most common emotional biases and discuss their causes with examples
Understand loss aversion and other biases that contribute to its effect
Study the herding bias and other social factors that distort decision-making

Who Should Take This Course?

This Behavioral Finance course is perfect for anyone who wants to be well-rounded in their analysis. This course is designed to equip anyone who desires to begin a career in fixed income, equity, sales and trading, or other areas of finance.

What you'll learn

Lesson

Multimedia

Exams

Files

Qualified Assessment

This Course is Part of the Following Programs

Why stop here? Expand your skills and show your expertise with the professional certifications, specializations, and CPE credits you’re already on your way to earning.

Capital Markets & Securities Analyst (CMSA®) Certification

Skills Learned Trading strategies used in the finance and capital markets
Career Prep Work in capital markets, whether on the buy-side or the sell-side

Learn More

Financial Planning & Wealth Management Professional (FPWMP™) Certification

Skills Learned Financial Learning, Business Development, Investment Management, Practice Management, Relationship Management
Career Prep Financial Planner, Investment Advisor, Portfolio Manager

Learn More

What Our Members Say

I really like this area of finance and the way Scott explains it is very insightful, thanks!

Rustom Rupand

Behavioral finance is fascinating!

This is a very interesting course. Behavioral finance is fascinating! The course does a great job in covering a wide range of decision-making biases and information processing errors.

Barbara Alvarez

My very first experience into Behavioural Finance- Loved it!

This is the first time I've learned about behavioral finance. The course made it very interesting! It was very well taught and explained. Loved it!

Mustafa Mustansir

Thanks CFI

Good financial psychology that guides you in decision- making in the finance industry and societies as a whole. Has really shaped my cognitive behaviors when facing financial decisions. Thanks, CFI.

Teka Derick Tikum

Excellent delivery of the course. The structure was perfectly arranged and the instructor was very elaborate, using practical illustrations and references.

Paul Elias Kandiwo

Behavioral Finance

Top quality content and excellent delivery.

venugopal rajamanuri

Set your own agenda...

This was really interesting and I was caught in finding myself in many of the situations described. Motivated to read more about the topic.

TORE LARSEN

Excellent Course

I am enjoyed learning this course, beautiful!

khloud nasser Ismail Morsi

Behavioral Finance

It was quite tough and change my modern finance thinking and based on real examples. It's really amazing and knowledgeable course.

Irfan Ahmed Shujrah

great and practical course

a very practical and relevant course. i realized that I also suffered from some of the biases highlighted. I now know better how to manage them.

Simbarashe Pasipamire

Behavioral Finance

I never heard of Behavioural Finance and its importance until I took the CMSA® course. This topic is so important to every market participant. Ignorance is definitely expensive (in terms of how much you will lose). This course has not only made me aware of the different types of biases but also thought me how to overcome them. I strongly recommend it to anyone who is serious about his life, profession and investments.

Henri Eyoum Ndumbe

A wonderful course for Behavioral Finance

A comprehensive course for Behavioral Finance with various theories and case studies

Kwong Sang Yeung

Excellent for beginners

This course is an excellent stepping stone into the world of behavioural finance. Highly recommended

Arun Panangat

Extremely interesting content!

Perhaps the most interesting course so far in the CMSA programme! Even on a personal level as an individual investor and decision-maker, I could relate to the biases. The extra reading suggested is quite interesting too and I've stumbled on to a couple of good books from this course. Overall I found the topic very interesting and even after I complete the course I will be delving more into this subject through this related material.

Virag Padalkar

Excelent Course!

Great way to introduce in the Behavioral Finance by Scott Powell. This course was an amazing experience and i'm counting the time to start with new themes about this biases analysis.

David Godoy

Instructive course on our biases

Very interesting course, with substancial explanations backed by data/studies. Funny to see how, even if you know you are being tricked, your brain does want to be fooled.

Sylvain DAVID

Amazing

well-structured materials and very informative

Allan Msiska

Interesting course

It was a wholesome experience. Please make available the transcript for each course, as there are a lot of things said by the instructors that are not captured in the study material.

Oluwaseun Ayoola Williams

great real life examples

The lecturer really gives this course a common thread.

Auron Illing

Jared Blum

Cara Nowen

barbara arnold

Fraser Pogue

Very insightful!

Aarav Singh

Karel Vítek

Frequently Asked Questions

If you haven’t found your answer from our FAQ, please send us a message.

Contact Us

What are the requirements to take the courses?

All of our certification programs are open to students and professionals in various industries and levels of experience. Our curriculum is designed to teach what you need to know from basic fundamentals to advanced practical case studies. To take the courses and complete the exercises, students will only need access to a PC and/or Mac, Microsoft Suite (2016 or newer), and a stable internet connection. Click here to view the Technical Requirements

Can I download the Excel files and financial modeling templates for the course?

Absolutely! All the files and templates needed in a course are available for download. Just look for a module that shows Downloadable Files within the course dashboard. See here for a visual guide on how to do this.

How long do I have to complete the courses?

You will have yearly access to the courses as long as you maintain an active subscription. All the courses are self-paced as well so you can take your time in learning without worrying about any deadlines. Click here to compare our available enrollment options.

Are CFI courses officially accredited?

Yes, CFI is accredited by the Better Business Bureau® (BBB) to maintain training standards, the CPA Institutions in Canada, and the National Association of State Boards of Accountancy (NASBA) in the USA. Most of our courses qualify for verified CPE credits for CPA charter holders. Please refer to this page to view all available CPE credits.

Are there any additional fees or costs?

None! The bundle price includes everything and there are no additional fees or charges to earn your digital certification. You can see our enrollment fees listed here.

What currency are your courses priced in?

All our online courses are priced in USD. As this is a recurring payment, we accept all major credit and debit cards including Visa, MasterCard, and American Express.

How do I earn my certificates?

Students must complete all the video lessons, quizzes, and final assessments in each course. You can retake the assessments as many times as necessary until you reach an 80% passing grade. For more information on how to earn a course certificate, click HERE.

How are the exams conducted?

Students are required to complete an online assessment (Multiple choice questions, Fill-in-the-Blanks, and Excel Questions) at the end of each course. You can take the exams on your own schedule and will need to earn at least 80% to pass the course and earn your certificate of course completion. Please note that course exams can be repeated as many times as you need. Students are also required to complete the FMVA® final exam to earn their certification. How to Take a Qualified Assessment

Can I email the instructor if I have questions?

While the courses are designed mainly for self-study, we are happy to provide email assistance for general or technical support inquiries. The Full Immersion bundles include a premium email support function that allows you to communicate directly with in-house experts regarding course content. This is one of the key features that sets the Full Immersion bundle apart and makes it a worthwhile upgrade over the more affordable self-study bundle. You can compare more features in our bundles here.

Will these courses help me advance my career?

Based on hundreds of reviews from thousands of students we know how CFI courses have helped so many people advance their finance careers. Our courses are designed to be extremely practical and simulate the experience of being trained as a professional financial analyst…the ultimate way to advance your career. For real-world examples and to help delve even deeper into the course concepts, please look into our free career resources library.

Behavioral Finance

Behavioral Finance Course Overview

Behavioral Finance Learning Objectives

Who Should Take This Course?

Behavioral Finance

What you'll learn

Introduction

Self Deception Biases

Cognitive Biases

Emotional Biases

Social Biases

Qualified Assessment

This Course is Part of the Following Programs

Capital Markets & Securities Analyst (CMSA®) Certification

Financial Planning & Wealth Management Professional (FPWMP™) Certification

What Our Members Say

Rustom Rupand

Barbara Alvarez

Mustafa Mustansir

Teka Derick Tikum

Paul Elias Kandiwo

venugopal rajamanuri

TORE LARSEN

khloud nasser Ismail Morsi

Irfan Ahmed Shujrah

Simbarashe Pasipamire

Henri Eyoum Ndumbe

Kwong Sang Yeung

Arun Panangat

Virag Padalkar

David Godoy

Sylvain DAVID

Allan Msiska

Oluwaseun Ayoola Williams

Auron Illing

Jared Blum

Cara Nowen

barbara arnold

Fraser Pogue

Aarav Singh

Karel Vítek

Frequently Asked Questions