Why People Are Irrational, Biased and Emotional With Money
Overview
In this course, we will explore the psychological and behavioral factors that contribute to irrational and biased money decision-making. We will examine the role of cognitive biases and emotions in financial decision-making, and discuss strategies for overcoming these biases to make more rational financial choices. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Highlights
Prerequisites
While no specific knowledge is required to take this course, it may be beneficial to have a basic understanding of financial concepts and terminology.
Designed For
This course is intended for anyone interested in improving their financial decision-making skills, including individuals, financial professionals, and business owners. It will be especially useful for those who have struggled with making irrational or biased financial choices in the past.
Objectives
After attending this presentation, you will be able to…
- Recognize the psychological and behavioral factors that contribute to irrational and biased money decision-making
- Identify common cognitive biases that impact financial decision-making
- Identify the role of mental accounting in financial decision-making
- Recognize the dangers of the ostrich effect in financial planning
- Use strategies for overcoming cognitive biases and emotions in financial decision-making
- Recognize the impact of present bias on financial planning
- Recognize the pitfalls of the sunk-cost fallacy in financial decision-making
- Identify the role of anchoring bias in financial decision-making
- Recognize the impact of status quo bias on financial decision-making
- Recognize the dangers of the bandwagon effect in financial planning
Preparation
None
Notice
This course is offered by a 3rd party vendor and will not be accessible in the My CPE Tracker section of the ISCPA website. Course access information will be emailed directly to you by CPA Crossings.
Leader(s):
Leader Bios
Garrett Wasny
Garrett Wasny, MA, CMC, CITP/FIBP is a professional development consultant to accountants, attorneys, engineers and doctors worldwide and a former management consultant with Price Waterhouse. He advises high-skill knowledge workers how to thrive in the digital age and unleash their online potential using productivity, search, mobile and social technologies. He’s authored two books (Global Business Resources.com by McGraw-Hill in New York and How to Conquer the World by Government Institutes in Washington, DC), 20 e-books, and over 100 published articles on Internet strategy for dozens of leading business publications. He’s also delivered more than 1,000 webinars and seminars on Internet topics to hundreds of organizations in North America, Europe and Asia. He lives in Vancouver.
Non-Member Price $119.00
Member Price $89.00