Acerca de este Curso
4.4
793 ratings
236 reviews
We make thousands of decisions every day. Do I cross the road now, or wait for the oncoming truck to pass? Should I eat fries or a salad for lunch? How much should I tip the cab driver? We usually make these decisions with almost no thought, using what psychologists call “heuristics” – rules of thumb that enable us to navigate our lives. Without these mental shortcuts, we would be paralyzed by the multitude of daily choices. But in certain circumstances, these shortcuts lead to predictable errors – predictable, that is, if we know what to watch out for. Did you know, for example, that we are naturally biased towards selling investments that are doing well for us, but holding on to those that are doing poorly? Or that we often select sub-optimal insurance payment plans, and routinely purchase insurance that we don’t even need? And why do so many of us fail to enroll in our employer’s corporate retirement plans, even when the employer offers to match our contributions? Behavioral finance is the study of these and dozens of other financial decision-making errors that can be avoided, if we are familiar with the biases that cause them. In this course, we examine these predictable errors, and discover where we are most susceptible to them. This course is intended to guide participants towards better financial choices. Learn how to improve your spending, saving, and investing decisions for the future....
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Cursos 100 % en línea

Comienza de inmediato y aprende a tu propio ritmo.
Calendar

Fechas límite flexibles

Restablece las fechas límite en función de tus horarios.
Clock

Sugerido: 5 hours/week

Aprox. 8 horas para completar
Comment Dots

English

Subtítulos: English, Portuguese (Brazilian)

Habilidades que obtendrás

Decision-MakingBehavioral FinanceCognitive BiasBehavioral Economics
Globe

Cursos 100 % en línea

Comienza de inmediato y aprende a tu propio ritmo.
Calendar

Fechas límite flexibles

Restablece las fechas límite en función de tus horarios.
Clock

Sugerido: 5 hours/week

Aprox. 8 horas para completar
Comment Dots

English

Subtítulos: English, Portuguese (Brazilian)

Programa - Qué aprenderás en este curso

1

Sección
Clock
1 hora para completar

Week 1

Welcome to the course! In this first week, we'll look at the classical economic model of consumer choice, which assumes that all of the decisions that we make are sensible, or “rational.” Once we have examined the underlying theory of how people should behave (especially around financial decisions), we will move on to examine how people do behave. We will focus in particular on situations in which we are most inclined to make decisions that appear to defy rational choice axioms. ...
Reading
5 videos (Total: 23 min), 4 readings, 1 quiz
Video5 videos
Introduction to Classical Economics1m
Utility of Money6m
Omission Bias Case Study2m
Expected Utility vs Prospect Theory9m
Reading4 lecturas
Course Overview10m
Utility of Money10m
Omission Bias10m
Answer Choice Explanations and Correct Answers for Week 1 Quiz10m
Quiz1 ejercicio de práctica
Week 1 Quiz24m

2

Sección
Clock
3 horas para completar

Week 2

Welcome to the second week. In this session, we will discover how our minds are inclined to distort probabilities, and either underestimate or overestimate the likelihood of certain outcomes. We’ll also learn about “heuristic-driven bias”: the tendency to use rules of thumb that simplify the process of making decisions, but can also lead to predictable errors. These biases negatively affect our decision-making far more than we might expect; especially when the outcome of the decision has great significance for us. ...
Reading
8 videos (Total: 63 min), 6 readings, 1 quiz
Video8 videos
Probability Weighting4m
Relative Probabilities1m
The Availability Heuristic10m
Mental Accounting and Expenditures7m
Loss Aversion8m
Belief Perseverance and Confirmation Bias9m
Case Study: Belief Perseverance4m
Reading6 lecturas
Problems with Probability10m
Probability Weighting10m
The Availability Heuristic10m
Framing10m
Representativeness10m
Overconfidence10m
Quiz1 ejercicio de práctica
Week 2 Quiz28m

3

Sección
Clock
1 hora para completar

Week 3

In the final week of the course, we will see multiple examples of how mental heuristics can lead us to make predictably sub-optimal financial decisions, both individually and across the entire financial markets. We will also discuss the many ways in which you can now improve your financial decision-making because of your deeper understanding of the innate biases that have tripped you up in the past!...
Reading
2 videos (Total: 8 min), 2 readings, 1 quiz
Video2 videos
Benefits of Saving Early6m
Reading2 lecturas
Money Management10m
Market Bubbles & Crashes10m
Quiz1 ejercicio de práctica
Week 3 Quiz26m
4.4
Direction Signs

33%

comenzó una nueva carrera después de completar estos cursos
Briefcase

83%

consiguió un beneficio tangible en su carrera profesional gracias a este curso

Principales revisiones

por AMAug 16th 2017

Great course! It allows to understand the twisted logic that run in our heads. Helps to establish the balance between probabilistic truth and illusions that infect our decision-making. Thanks a lot!

por MDAug 21st 2017

Insightfull short course on psychological background on investing. Recommend this course for any investment professional or amateur to learn about the most common pitfalls in investing

Instructor

Emma Rasiel

Associate Chair and Professor
Economics

Acerca de Duke University

Duke University has about 13,000 undergraduate and graduate students and a world-class faculty helping to expand the frontiers of knowledge. The university has a strong commitment to applying knowledge in service to society, both near its North Carolina campus and around the world....

Preguntas Frecuentes

  • Once you enroll for a Certificate, you’ll have access to all videos, quizzes, and programming assignments (if applicable). Peer review assignments can only be submitted and reviewed once your session has begun. If you choose to explore the course without purchasing, you may not be able to access certain assignments.

  • When you purchase a Certificate you get access to all course materials, including graded assignments. Upon completing the course, your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.

  • No. Completion of a Coursera course does not earn you academic credit from Duke; therefore, Duke is not able to provide you with a university transcript. However, your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile.

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