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Behavioral Finance and Wealth Management

by Michael M. Pompian · Michael M. Pompian

Practitioner guide that catalogs about twenty investor biases, explains how to diagnose each in clients, and shows how to adjust asset allocation and advice accordingly. Financial advisors learn to build behaviorally modified portfolios that clients can realistically stick with.

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The Decision Corner

The Decision Corner connects you with cutting-edge insights from the world's best applied behavioral scientists to bring wisdom to your daily and professional life. Rather than talking about nudges and trying to codify science into design principles, TDC goes deep and finds out just how the world's brightest minds solve complex real-world problems using the social sciences.

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CFA Institute

Official site of the body that sets and administers the CFA exams, publishing the curriculum topic areas and weights, exam policies, sample questions, the Code of Ethics and Standards of Professional Conduct, and research. Candidates use it to plan study against the tested content.

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Adaptive Markets: Financial Market Dynamics and Human Behavior (MITx 15.481x)

The Adaptive Markets Hypothesis, in which rationality and irrationality coexist: market efficiency and its limits, behavioral biases, the neuroscience and evolution of decision-making, and applications to hedge funds, the 2008 financial crisis and ethics in finance. Eleven archived self-paced units.

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Khan Academy Finance

Khan Academy's free finance and capital markets course of short videos on interest and debt, housing, inflation, taxes, financial statements, stocks and bonds, retirement accounts, banking and derivatives. Gives beginners working intuition for everyday money decisions and how securities markets operate.

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Behavioral Finance

Duke University course taught by economist Emma Rasiel on the heuristics and cognitive biases behind predictable financial mistakes, such as selling winners while holding losers, buying unneeded insurance and skipping retirement plans. Learners identify their own susceptibilities and make sounder spending, saving and investing decisions.

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Behavioral Finance: Psychology, Decision-Making, and Markets

Undergraduate textbook covering the psychology of judgment and decision-making, prospect theory, limits to arbitrage, and how biases show up in investor behavior, corporate finance, and market anomalies. Readers learn to connect experimental evidence to observed pricing puzzles and financial decisions.

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