New
23WX-3953: Why People Are Irrational, Biased and Emotional With Money (Webinar)
If you have questions about this event, please call us at 952-831-2707.
Thursday, April 11, 2024
10:30am - 12:30pm Central Time
2 CPE (2 non-technical) | 2 Ethics
In this course, we will explore the psychological and behavioral factors that contribute to irrational and biased money decision-making. We will examine the role of cognitive biases and emotions in financial decision-making, and discuss strategies for overcoming these biases to make more rational financial choices. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Major subjects
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Common irrational money decisions
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Cognitive biases and their impact on decision-making and ethical behavior
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Mental accounting
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The ostrich effect
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Present bias
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Sunk-cost fallacy
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Anchoring bias
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Status quo bias
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The bandwagon effect
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Emotional responses in money decisions
Learning objective(s)
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Recognize the psychological and behavioral factors that contribute to irrational and biased money decision-making
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Identify common cognitive biases that impact financial decision-making
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Identify the role of mental accounting in financial decision-making
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Recognize the dangers of the ostrich effect in financial planning
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Use strategies for overcoming cognitive biases and emotions in financial decision-making
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Recognize the impact of present bias on financial planning
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Recognize the pitfalls of the sunk-cost fallacy in financial decision-making
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Identify the role of anchoring bias in financial decision-making
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Recognize the impact of status quo bias on financial decision-making
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Recognize the dangers of the bandwagon effect in financial planning
Who should take this program?
Anyone interested in improving their financial decision-making skills, including individuals, financial professionals, and business owners. It will be especially useful for those who have struggled with making irrational or biased financial choices in the
Fees
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$89.00
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Standard Member Fee |
$89.00
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Standard Nonmember Fee |
$89.00
|