investopedia.com
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Investopedia is a comprehensive financial education site offering clear definitions, tutorials, and explainers on investing, markets, and personal finance. It also covers behavioral finance concepts, biases, and decision-making through in-depth articles and guides.
More resources on Behavioral Finance
The Decision Lab
Behavioral science insights for finance
Behavioral Finance Network
Resources, papers, and tools
Introduction to Behavioral Finance
Learn the psychology behind investing! This introductory behavioral finance course explores how emotions and biases impact financial decisions.
Behavioral Finance
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.
Behavioral Finance: Psychology, Decision-Making, and Markets
Behavioral Finance: Psychology, Decision-Making, and Markets - A book resource
cfainstitute.org
cfainstitute.org is the professional home of the CFA Institute, offering information on the CFA designation, ethics and professional standards, and continuing education for investment professionals. It provides research, industry insights, and educational resources, including articles and materials on behavioral finance.