State-Bank-of-India: Introduction to Behavioural Finance
Behavioural Finance is not just another branch of finance. It is the study of the influence of psychology on the behavior of human beings in their financial decision-making. It helps us in studying its subsequent effects on the financial markets. It highlights the fact that human beings are not always rational, have limits to their self-control, and are influenced by their own biases. It is the study of how investors systematically make errors in judgement, or “mental mistakes”. Behavioural finance is a relatively new field in economics and has become an interesting topic for investment professionals.
There is one session available:
Introduction to Behavioural Finance
About this courseSkip About this course
The course is aimed at beginners who want to understand the complex, yet interesting aspects of behavioural finance. The course will start with an introduction to basics of behavioural finance and how it impacts financial markets. The most common self-deception biases, cognitive biases, and emotional biases will then be discussed at length with appropriate examples and real-life case studies. We will discuss the causes and potential measures required to manage these biases. We will also discuss loss aversion and herding biases which have a great impact on the minds of investors. The course concludes with a section on the impact of unforeseen circumstances on the behavioural aspects of finance.
The course is offered by a team of experienced faculty at State Bank Institute of Consumer banking ,an Apex Training Institute of State Bank of India. Apart from Instructors, following faculty members have contributed to the content of the course.
Rabindra Kumar Mohanty
M Sai Chakradhar
At a glance
What you'll learnSkip What you'll learn
- How wide range of decision-making biases and information processing errors impact our financial decision-making
- How behavioural finance impacts financial markets
- The most common self-deception biases, their causes, and potential measures to prevent them
- Cognitive biases and their root causes with real life examples
- The most common emotional biases and their causes with examples
- How loss aversion and other biases that contribute to our financial decision- making
- How herding bias and other social factors interfere with our decision-making
Overview of Behavioural Finance
- Entropic Mind Leading to Self-Deception
- Cognitive Biases in Financial Decision Making
- Emotional and Social Biases in Financial Decision Making
State-Bank-of-India: Utangulizi wa Behavioral Fedha Behavioral Fedha si tu tawi jingine la fedha. Ni utafiti wa ushawishi wa saikolojia juu ya tabia ya wanadamu katika maamuzi yao ya kifedha. Inatusaidia kuchunguza athari zake za baadaye kwenye masoko ya kifedha. Inasisitiza ukweli kwamba wanadamu si wenye busara sikuzote, wana mipaka kwa kujidhibiti, na wanaathiriwa na upendeleo wao wenyewe. Ni utafiti wa jinsi wawekezaji utaratibu kufanya makosa katika uamuzi, au "makosa ya akili". Usimamizi wa fedha ni uwanja mpya katika uchumi na imekuwa mada ya kuvutia kwa wataalamu wa uwekezaji. Mafunzo ya Usimamizi wa Biashara ya Biashara ya Biashara ya Biashara ya Biashara ya Biashara ya Biashara ya Biashara ya Biashara ya Biashara ya Biashara ya Biashara ya Biashara ya Biashara ya Biashara ya Biashara ya Biashara ya Biashara ya Biashara ya Biashara ya Biashara ya Biashara. Kozi itaanza na utangulizi wa misingi ya fedha tabia na jinsi inaathiri masoko ya fedha. Mipaka ya kawaida ya kujidanganya, mipaka ya utambuzi, na mipaka ya kihisia-moyo itajadiliwa kwa urefu na mifano sahihi na masomo ya kesi ya maisha halisi. Tutazungumzia sababu na hatua zinazowezekana zinazohitajika kusimamia upendeleo huu. Pia, utaona jinsi hasara ya kupoteza na upendeleo wa kufuga, ambayo ina athari kubwa kwa akili za wawekezaji. Kozi inaisha na sehemu juu ya athari ya hali zisizotarajiwa juu ya masuala ya tabia ya fedha. Kozi hii inapatikana na timu ya walimu wenye uzoefu katika Taasisi ya Benki ya Jimbo ya Benki ya Benki ya Bidhaa, Taasisi ya Mafunzo ya Apex ya Benki ya Jimbo la India. Mbali na Waalimu, wanachama wa kitivo wafuatayo wamechangia yaliyomo katika kozi. "Kama ilivyoelezwa hapo juu, ""Mtazamo wa kibinafsi"" ni moja ya sababu za msingi za ubaguzi wa akili na ubaguzi wa akili, na kwa hivyo, kwa sababu ya ubaguzi wa akili na ubaguzi wa akili, ""Mtazamo wa kibinafsi"" ni moja ya sababu za msingi za ubaguzi wa akili na ubaguzi wa akili."