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Course Objectives CPD Certified

‘Markets can stay irrational, longer than you can stay solvent’ This quote, associated with JM Keynes, reflects that we have long known about the irrational nature of markets, and their cause - the irrational behaviours of investors. What has changed in recent decades is that we now understand slightly more about why investors are irrational, from the work of Kahneman and Tversky. And from the work of Thaler we also know what investors can do to limit this irrationality. This course will bust some of the jargon, provide an insight into why we invest in an irrational manner and some of the techniques we can apply to limit the worst impacts of our actions. We will conclude by reviewing research on investor behaviours over the last few financial market shake ups, to see if we have indeed learned any lessons.

Key Learning Outcomes: 

  • Understand the main behavioural finance biases affecting our investing behaviours
  • Describe the nature of financial market cycles including the history of market booms and dooms
  • Explain why we behave irrationally through a review of the work of Kahneman and Tversky (System 1 and 2)
  • Apply the techniques to limit our irrational decision making biases
  • Describe the most recent research on the application of behavioural finance on investor decision making 

Who Should Attend

This course is relevant for those wishing to gain an insight into behavioural finance and practical application to their investment decision making. Participants should understand the fundamental investment decision making process and have a basic awareness of asset classes.