Behavioral Finance
The distance between the model and the investor.
The biggest gap in most households' returns is not knowledge but behavior. This course names the biases, catches them in real portfolios, and installs the pre-commitments that neutralize them.
You will finish with a written defense document — the specific rules that will hold when your own biases test the plan.
- 01
Name the biases that most damage household returns.
- 02
Recognize them in your own decisions.
- 03
Design pre-commitments that neutralize them.
- — 201 — Investing Foundations.
1 week · ~3 hours.
- IModule · ~1.5 hours.
The catalogue of biases
The taxonomy that lets you name what happened.
Naming the biases is prerequisite to catching them. The taxonomy is stable and worth knowing.
What You Will Be Able To Do- — Name six biases and their signatures.
- — Recognize them in your own recent decisions.
- — State which two are yours.
Why hereInvestors who can name their biases catch themselves more often. The catch is the point.
- IIModule · ~1.5 hours.
Design your defense
The pre-commitments that hold in the moment.
Rules written in calm hold in stress — sometimes. This module writes them well.
What You Will Be Able To Do- — Draft written trading rules.
- — Set a cooling-off period.
- — Rehearse one decision you would take back.
Why hereThe defense document is the practical output of the course.
The IPS is the defense. This course teaches you what it defends against.