01
Prospect theory and systematic bias
Why do losses hurt more than equivalent gains please?
Primary source★ LandmarkFree
Prospect Theory: An Analysis of Decision under Risk ↗Kahneman & Tversky, 1979
Advanced · Module 10
Behavioural Finance
The efficient-market model assumes a rational agent. This module studies the actual one.
By the end of this module
You can name the specific ways your own reasoning will cost you money.
0%0 / 3 complete
02
Bubbles, manias and reflexivity
Can a price be wrong if everyone agrees on it?
03
Designing around your own failure modes
What process survives contact with your own panic?
ReadingFree
The Arithmetic of 'All-In' Investment Expenses ↗John Bogle, 2014
The unglamorous argument that costs dominate outcomes. It has held up.
Quiz
Not written yet for this module. The lectures above are complete and the module still counts toward your progress.