Behavioral Financial Decision Making

This course is based on frameworks, methods and theories from cognitive psychology and behavioral economics and applies such to financial decision making. This masters-level course is specifically tailored, but not limited, to students who are looking forward to excelling in the fields of business administration, finance, marketing, economics, and decision-making science. The course not only provides a solid background on the emergence of behavioral finance and its underlying elements, but also offers a different perspective other than behavioral finance courses in that it specifically focuses on decision-making in the context of finance. Upon completion, the participant will be able to apply acquired knowledge to various areas of their academic studies as well as to their daily and professional lives.                

Learning outcomes

• Understand the limits and key elements to behavioral financial decision making
• Analyze the impact of neuroscience on the area of financial decision making
• Apply knowledge acquired about biases and how to minimize them to any type of decision
• Evaluate financial decisions based on traditional, behavioural, neuroscientific, and sustainability-based concepts
• Create a personal roadmap for financial decision making

Course structure

The course consists of 7 modules. 6 modules of lectures including videos, mandatory material, supplemental material, and quizzes. Module 7 contains a recap of the course and the exam. While modules 2-6 built upon the previous ones, they are independent topics as well. As a result the learner has the freedom not to follow the suggested ordering of topics.

Module 1: THE BASICS – ACCOUNTING AND FINANCE

Module 2: MOVING ON TO THE BEHAVIORAL REALM

Module 3: DECISION MAKING

Module 4: FINANCIAL DECISION MAKING

Module 5: NEUROSCIENCE AND FINANCIAL DECISION MAKING

Module 6: SUSTAINABLE FINANCIAL DECISION MAKING

Module 7: RECAP AND FINAL EXAM