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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 how it 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 the herding bias.

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 on 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

Behavioral Finance is an elective course of CFI’s CMSA® program

CFI’s Capital Markets & Securities Analyst (CMSA)® program covers all the basic, intermediate, and advanced topics about sales and trading, investment banking, and asset management. This program teaches you trading strategies used in the finance and capital markets industry. It is ideal for students who want to learn how to trade different asset classes. The program is completely online so you can take it at your own pace, from anywhere in the world.

Common career paths for students who take the CMSA® are Sales & Trading, Asset Management, Wealth Management, Treasury, Risk Management, and other capital markets careers.

Who should take this CMSA® 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.

Behavioral Finance

Subscribe

Level 1

Approx 3h to complete

100% online and self-paced

Subscribe to get access to CMSA and other programs

From $497/year

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What you'll learn

Lesson
Multimedia
Exams
Files
Cognitive Biases
Overview of Cognitive Biases
2008 Global Financial Crisis Exercise
2008 Global Financial Crisis Poll
2008 Global Financial Crisis Exercise (cont.)
Hindsight Bias
Hindsight Bias Case Study
Interactive Exercise 6
Self-Attribution Bias
Self-Attribution Bias Case Study Free Preview
How Can We Guard Against Self-Attribution & Hindsight Bias
International News Exercise
International News Poll
International News Exercise (cont.)
Confirmation Bias
Confirmation Bias Case Study
Confirmation Bias Exercise
Confirmation Bias Poll
Confirmation Bias Exercise (cont.)
How Can We Guard Against Confirmation Bias Free Preview
Interactive Exercise 7
Finding Patterns Exercise
Clustering Illusion & How We Can Guard Against It
Guess the Likelihood of an Event
Guess the Likelihood of an Event Poll
Guess the Likelihood of an Event (cont.)
Representative Bias
Representative Bias Case Study
How Can We Guard Against Representative Bias
Interactive Exercise 8
Investment Strategy Exercise
Investment Strategy Poll
Investment Strategy Exercise (cont.)
Status-Quo Bias
Status-Quo Bias Case Study
How Can We Guard Against Status-Quo Bias
Interactive Exercise 9
Shopping Exercise
Shopping Poll
Shopping Exercise (cont.)
Anchoring Bias
Anchoring Bias Case Study #1
Interactive Exercise 10
Anchoring Bias Case Study #2
How Can We Guard Against Anchoring Bias
Choose Your Treatment Exercise Question #1
Choose Your Treatment Question #1
Choose Your Treatment Exercise Question #2
Choose Your Treatment Question #2
Choose Your Treatment Exercise Analysis
Framing Bias
Framing Bias Case Study
Now You Have a Go...
Even Word Order Can Impact Framing
How Can We Guard Against Framing Bias
Interactive Exercise 11

Become a certified All Capital Markets & Securities Analyst (CMSA)® Courses

Behavioral Finance is part of the Capital Markets & Securities Analyst (CMSA)® certification, which includes 29 courses.

All Capital Markets & Securities Analyst (CMSA)® Courses
  • 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

Path to certification

Prep courses

5 courses from beginner to intermediate level.

01 Optional

Core courses

8 courses from beginner to intermediate level.

02 Required

Elective courses

16 courses in advanced and intermediate levels.

03 Required

Get certified

Submit your CMSA® checklist and order your certificate.

04 Required

Join our community

Get access to the Global Corporate Finance Society.

05 Optional

How the certification works

Capital Markets & Securities Analyst (CMSA)® courses are offered 100% online, allowing you the flexibility to start the Capital Markets & Securities Analyst (CMSA)® program anytime and learn when it’s most convenient for you.

The program is a part of the All Access Subscription, which includes all programs and courses.

CFI courses are designed by instructors with over 21 years of financial analyst training experience.

Students must complete all core and 7 elective courses (13 in total) and demonstrate mastery of the topics through successful completion of course materials, quizzes, and assessments.
Within 48 hours of program completion, your Blockchain Verified (CMSA)® Certification will be emailed to you.

What our students say

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

Excellent Course
I am enjoyed learning this course, beautiful!

khloud nasser Ismail Morsi

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

Behavioral Finance
Top quality content and excellent delivery.

venugopal rajamanuri

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Frequently asked questions

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?
Depending on your enrollment type, you will either have two years, yearly, or monthly access to your courses. 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?
CFI is accredited by the Better Business Bureau® (BBB) to maintain training standards, and by 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?
No! 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. We accept debit/credit cards (Visa, Mastercard, Amex), PayPal, and wire transfers for one-time course payments. If you wish to proceed with a wire transfer from your bank, please see instructions here.
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.
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 help delve even deeper into the course concepts, please look into our free career resources library.
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 which 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.
What is the price of the subscription?
All Access Subscription is priced for $497 per year as Self-Study plan or $897 per year as Full Immersion plan.
What is included in the subscription?
All Access Subscription includes all courses from Financial Modeling & Valuation Analyst (FMVA)® Certification, Commercial Banking & Credit Analyst (CBCA)™ Certification, Capital Markets & Securities Analyst (CMSA)® Certification, Business Intelligence & Data Analyst (BIDA)™ Certification, Commercial Real Estate Finance Specialization and Environmental, Social & Governance (ESG) Specialization.
More Questions?
Please Email us and we'll be happy to answer any of your questions!
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