Best Free MOOCs In Business For August by: Jeff Schmitt on July 28, 2016 | | 7,515 Views July 28, 2016 Copy Link Share on Facebook Share on Twitter Email Share on LinkedIn Share on WhatsApp Share on Reddit Behavioral Finance School: Duke University Platform: Coursera Registration Link: REGISTER HERE Start Date: August 1, 2016 (3 Weeks) Workload: Not specified Instructor: Emma Rasiel Credentials: Rasiel teaches courses in Intermediate Finance and Behavioral Finance at Duke University, where she also serves as the teaching director of the Duke Financial Education Center. Holding a Ph.D. in finance from Duke and an MBA from the Wharton School, Rasiel was the executive director at Goldman Sachs’s London office. Graded: Students must successfully complete all graded assignments to pass the course. Description: Youāve probably read the business pages and thought to yourself, āIād never do that. Thatās too risky. Donāt they know the rules apply to them too?ā Well, thatās easier said than done. Many times, particularly in the financial world, investors donāt always act rationally. They act against their long-term interests by following the herd; correlating two disparate events or trends; accepting only data that conforms to their beliefs; or believing they are exceptions who are smarter than everyone else. Like all behavior, investing sometimes involves irrational fear and exuberance, if not outright hubris. According to Rasiel, behavioral finance āis 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.ā In this class, students will learn about the heuristics (the shortcuts and ārules of thumbā that we use to invest) that often lead to tragic financial decisions. These examples, from Rasielās experience, may include everything from holding onto poorly performing investments to skimping on insurance. Over this three -week course, students will review “rational” economic theories before moving into scenarios where investors āare most inclined to make decisions that appear to defy rational choice axioms.ā From there, the course will move into why investors are more āinclined to distort probabilities, and either underestimate or overestimate the likelihood of certain outcomes.ā At the same time, Rasiel will cover common types of bias and strategies for enhancing financial decision-making. Review: No reviews. Previous Page Continue ReadingPage 2 of 19 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 Questions about this article? Email us or leave a comment below. Please enable JavaScript to view the comments powered by Disqus.