About this Course
4.4
833 ratings
246 reviews
100% online

100% online

Start instantly and learn at your own schedule.
Flexible deadlines

Flexible deadlines

Reset deadlines in accordance to your schedule.
Hours to complete

Approx. 9 hours to complete

Suggested: 6 hours/week...
Available languages

English

Subtitles: English, Portuguese (Brazilian)

Skills you will gain

Decision-MakingBehavioral FinanceCognitive BiasBehavioral Economics
100% online

100% online

Start instantly and learn at your own schedule.
Flexible deadlines

Flexible deadlines

Reset deadlines in accordance to your schedule.
Hours to complete

Approx. 9 hours to complete

Suggested: 6 hours/week...
Available languages

English

Subtitles: English, Portuguese (Brazilian)

Syllabus - What you will learn from this course

Week
1
Hours to complete
1 hour to complete

Week 1

Welcome to the course! In this first week, we'll look at the classical economic model of consumer choice, which assumes that all of the decisions that we make are sensible, or “rational.” Once we have examined the underlying theory of how people should behave (especially around financial decisions), we will move on to examine how people do behave. We will focus in particular on situations in which we are most inclined to make decisions that appear to defy rational choice axioms. ...
Reading
5 videos (Total 23 min), 4 readings, 1 quiz
Video5 videos
Introduction to Classical Economics1m
Utility of Money6m
Omission Bias Case Study2m
Expected Utility vs Prospect Theory9m
Reading4 readings
Course Overview10m
Utility of Money10m
Omission Bias10m
Answer Choice Explanations and Correct Answers for Week 1 Quiz10m
Quiz1 practice exercise
Week 1 Quiz24m
Week
2
Hours to complete
3 hours to complete

Week 2

Welcome to the second week. In this session, we will discover how our minds are inclined to distort probabilities, and either underestimate or overestimate the likelihood of certain outcomes. We’ll also learn about “heuristic-driven bias”: the tendency to use rules of thumb that simplify the process of making decisions, but can also lead to predictable errors. These biases negatively affect our decision-making far more than we might expect; especially when the outcome of the decision has great significance for us. ...
Reading
8 videos (Total 63 min), 6 readings, 1 quiz
Video8 videos
Probability Weighting4m
Relative Probabilities1m
The Availability Heuristic10m
Mental Accounting and Expenditures7m
Loss Aversion8m
Belief Perseverance and Confirmation Bias9m
Case Study: Belief Perseverance4m
Reading6 readings
Problems with Probability10m
Probability Weighting10m
The Availability Heuristic10m
Framing10m
Representativeness10m
Overconfidence10m
Quiz1 practice exercise
Week 2 Quiz28m
Week
3
Hours to complete
1 hour to complete

Week 3

In the final week of the course, we will see multiple examples of how mental heuristics can lead us to make predictably sub-optimal financial decisions, both individually and across the entire financial markets. We will also discuss the many ways in which you can now improve your financial decision-making because of your deeper understanding of the innate biases that have tripped you up in the past!...
Reading
2 videos (Total 8 min), 2 readings, 1 quiz
Video2 videos
Benefits of Saving Early6m
Reading2 readings
Money Management10m
Market Bubbles & Crashes10m
Quiz1 practice exercise
Week 3 Quiz26m
4.4
246 ReviewsChevron Right
Career direction

33%

started a new career after completing these courses
Career Benefit

83%

got a tangible career benefit from this course

Top Reviews

By AMAug 16th 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!

By MDAug 21st 2017

Insightfull short course on psychological background on investing. Recommend this course for any investment professional or amateur to learn about the most common pitfalls in investing

Instructor

Avatar

Emma Rasiel

Associate Chair and Professor
Economics

About Duke University

Duke University has about 13,000 undergraduate and graduate students and a world-class faculty helping to expand the frontiers of knowledge. The university has a strong commitment to applying knowledge in service to society, both near its North Carolina campus and around the world....

Frequently Asked Questions

  • Once you enroll for a Certificate, you’ll have access to all videos, quizzes, and programming assignments (if applicable). Peer review assignments can only be submitted and reviewed once your session has begun. If you choose to explore the course without purchasing, you may not be able to access certain assignments.

  • When you purchase a Certificate you get access to all course materials, including graded assignments. Upon completing the course, your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.

  • No. Completion of a Coursera course does not earn you academic credit from Duke; therefore, Duke is not able to provide you with a university transcript. However, your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile.

More questions? Visit the Learner Help Center.