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Learner Reviews & Feedback for Behavioral Finance by Duke University

4.4
stars
4,174 ratings

About the Course

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....

Top reviews

AM

Aug 15, 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!

M

May 2, 2018

This course was a very good sum up of Daniel Kahneman's thinking fast and slow. Definitely recommend to everyone who would like to know more about our flaws or would like to refresh your knowledge.

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676 - 700 of 1,048 Reviews for Behavioral Finance

By Sushanth K

May 12, 2019

I wish the course was a little more exhaustive. SOme of the concepts explained needed a little more in-depth analysis for better understanding so that the quizzes would be slightly less challenging to attempt.

I really enjoyed the course otherwise!

By Rakibul H

Oct 7, 2019

This is a very good course to gather knowledge about the behavioral biases of investors. I have also learned about various market crashes and the behavioral biases behind fueled the crash. Thanks for the financial aid and for a informative course.

By Ashwani K

Apr 20, 2020

This course will not only help in making wise financial decisions, but also in the decision making of day to day tasks. The material provided could have been more direct, rather than indirect, but it does challenge your thinking so no worries.

By Christoph S

Apr 18, 2020

This course was a great introduction to the topic with some vivid examples. It encourages to dive deeper into the field of behavioral finance.

The tests could be improved with an explanation of the results to foster the trainees understanding.

By Gotamist

May 14, 2018

Perhaps add some investment strategies to the class? Ones that can be used to make money by understanding the market's behavioral biases, rather than simply avoiding mistakes in personal investing by knowing one's own behavioral biases.

By Timothee F

May 10, 2020

I have never tough that taking financial decisions was that influenced by our behaviors. In fact I see my self taking decisions before this course. I said if knew I would... But now I know I will, even do there is a lot more to learn.

By Ong C L

Sep 17, 2021

Excellent materials. Examples are relatable to the financial markets and especially in the current environment of covid. Help students to see things in a different angle. Gain new perspectives and have a historical viewpoint as well.

By Daniel T

Jul 5, 2018

Lot of example from many aspects of daily life.Many be too few analysis of real crisis (except the subprimes) and would have expected more direct examples on actual trading errors to have a better link with finance & capital markets

By Ivan C

Dec 9, 2021

Curso muy interesante, me gustaría que estuviese los videos y materiales en español (aunque los videos están "subtitulados") y me gustaría algún ejemplo práctico más. Pero, en cualquier caso, es un curso que vale la pena realizar.

By Kristin K

Jul 18, 2017

I loved the course and how the content was presented, but I think it could have gone to more deapth. With three weeks, it is very shourt, could have been a few more weeks with additional topics. However, a good entry level course.

By angy a

Dec 14, 2022

Pretty good at teaching the basics, models, and way of thinking. Could use some more explanation around some confusing aspects like similar biases. All in all very informative and a good basis to do further self-guided learning.

By Queenie C

Aug 17, 2020

Enjoyable course, with a lot of practical cases from real-life. I would have given 5 stars if course modules had more videos of the professor explaining the concepts and if quizzes had answer keys explaining the correct answers.

By Benjamin L

Jan 5, 2017

Interesting course about behavioral biais with many examples and cases. Altough I expected a course more oriented into financial decisions on how to learn to avoid financial bias and make better decisions I still learned a lot.

By Martin P R

Mar 24, 2017

A very interesting and useful course. I had some difficulty distinguishing some of the biases - it is like some of them are nested within others, which makes choosing the one that is most relevant to a situation quite tricky.

By Japneet K P

Apr 13, 2020

It was an interesting course, really helped me understand how our brain plays tricks on us. A small complaint would be that for Quiz 2 and 3, explanation should also be given like in Quiz 1. That would be really beneficial.

By Tanvir A

Aug 16, 2022

They should have cover all the reading materials in the videos. So, that it would be easier for a student to understand easily. Overall, it was a good course. Anyone and everyone can easily can understand the course.

By aqcaya z

Jun 18, 2018

This course makes me realize how consumer commonly made a mistake while purchasing something, more when we decided to buy something big like house, car, and many more. It is beneficial for those who like marketing.

By Ankita S N

Jul 22, 2017

Need more examples for week 2 courses and week 3 courses, to make it more understandable. Also, few concepts can have links for further reading in the slides shared to have more reliable resources to learn further.

By George A A

Jun 4, 2021

Very interesting topic for a beginner, however I feel the videos doesnt cover all the topics on the presentations and the quizzes really question your ability to be able to apply the content in real life examples

By MAHIMA S

May 21, 2020

Very interesting subject and the quizzes are very well designed. Slides provided are very informative and and easy to understand.

Quizzes should have proper feedback so that we can know where we are going wrong.

By Смирнова Э Р

May 26, 2017

The mass of information is a little hectic. Would appreciate more explanations and also more questions as to what will most likely happen instead of why exactly smth has happened. Especially in the final tasks.

By Rahul S

May 7, 2020

The videos were very short and the topics were not fully covered even in PPTs. However, the content was really interesting. But please include answer explanations to Quizzes 2 & 3. They were really confusing.

By gary b

Jul 10, 2024

This was a good course. The only issue I had was that the bulk of the Week 3 assessment was on a subject that hadn't been even obliquely referred to throughout the course, in the presentations, or readings.

By Siddhant J

May 8, 2022

It is a great short course. Concise and to the point. The weekly assignments and tests could have been better. You will find it interesting if you are interested in either personal finance or psychology.

By Rajat A

Jun 8, 2020

The course was rigorous and difficult; however I expected more practical examples and an in-depth explanation of the bias.

Along with it, a glossary of different kinds of bias would have been appreciable.