About this course: 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.
Who is this class for: This course is intended for anyone who has taken at least one course in economics either in high school or in college, and is interested in how our innate biases affect our financial decision-making.
Taught by: Emma Rasiel, Associate Chair and Professor
Economics
| Language | English, Subtitles: Portuguese (Brazilian) |
| How To Pass | Pass all graded assignments to complete the course. |
| User Ratings |
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Need more examples for week 2 courses and week 3 courses, to make it more understandable. Also, few concepts can have links for further reading in the slides shared to have more reliable resources to learn further.
The course was very interesting, but I think that it was not covered all the information that it was asked in the last quiz. Therefore the only suggestions is to provide more information regarding the 3 week's topic.
But in the overall, the course was really good.
Course was excellent ....content was limited and video lecture were very short. More theory for reading needed but examples were nicely put for better understanding
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BG
Good mix of slide pdfs and videos to promote enough thoughtful discussion of the topic to feel like I learned something. Additionally, the quizzes were actually pretty challenging. I feel like those were excellent learning opportunities as well.