Modules / Module 13
Psychology & Behavioral Finance
Why you lose money even when you're "right"
Understand affect, confirmation bias, anchoring, overconfidence, loss aversion, and how to build systems that counter your own cognitive biases.
Chapters
- The Affect Heuristic: How Emotions Skew Probabilities
- Confirmation Bias: Only Seeing What You Want to See
- Anchoring: First Prices Stick in Your Mind
- Overconfidence Effect: Why You Think You're Better Than You Are
- Loss Aversion: Why Losses Hurt Twice as Much as Gains Feel Good
- The Endowment Effect: Overvaluing What You Already Hold
- Recency Bias: Overweighting the Last Thing You Heard
- Hindsight Bias: "I Knew It All Along"
- How to Build Systems That Counter Your Biases