Finance, Investing, and the Psychology of Money HA 2023

Course Available in: Lima, Peru or Santiago, Chile

Finance, Investing, and the Psychology of Money

Major new insights regarding how people make decisions and subsequently behave were introduced in the 1980s by two Israeli psychologists, earning them a Nobel Prize. Their work was shown to have enormous implications in finance and economics, leading to the birth of a new field called Behavioral Finance and Economics. This course will examine how behavioral psychology has now become an integral part of finance, investing, and economics. The course will cover the following topics:

  • Origin and basis of behavioral science
  • Prospect Theory vs. classic economic theories
  • How people make decisions (“Thinking Fast and Slow”)
  • Biases, heuristics, and cognitive illusions
  • How people deal with probability, randomness, and risk
  • How psychology affects consumers and investors
  • Effects of psychology on financial markets and economies

Students will learn these topics through interactive activities, such as slide presentations, videos, and class demonstrations. After completing this course, students will be able to recognize many of the cognitive biases that influence our decisions as consumers or investors.

January 16 – 27, 2023 (Monday to Friday)

From 9:00 am to 3:30 pm

In-person in your country

Richard Lehman

MBA, UC Berkeley, UCLA, & Informed Assets

Richard Lehman is a Wall Street veteran with 25+ years in financial services. He has authored 3 books and is an adjunct finance professor at UC Berkeley and UCLA Extensions. He has a BS in Engineering from Rensselaer Polytechnic Institute and an MBA in Finance from SUNY Albany. Richard is also the Founder of a new venture called Informed Assets. Richard enjoys writing about financial topics and has published numerous articles for companies and financial media. At present, he is working on his fourth book -- "A Guide to Alternative Investing."