Why People Are Irrational, Biased and Emotional With Money
Date/Time
12/5/2024
1:00 PM - 3:00 PM Central
1:00 PM - 3:00 PM Central
Course Registration
Credits
2 Credits
Event Type(s)
Webinars
Event 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.
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
Instructor:
Garrett Wasny, MA, CMC, CITP/FIBP
Fields of Study:
Behavioral Ethics
Major Topics:
Common irrational money decisions Cognitive biases and their impact on decision-making and ethical behavior Mental accounting The ostrich effect Present bias Sunk-cost fallacy Anchoring bias Status quo bias The bandwagon effect Emotional responses in money decisions
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
Instructor:
Garrett Wasny, MA, CMC, CITP/FIBP
Fields of Study:
Behavioral Ethics
Major Topics:
The major topics covered in this course include:
Location
Webinar
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