Behavioral Finance Biases

Overview

If you have been a practitioner for any length of time, you know that there is often a difference between what clients should do and what they actually do. Have you ever wondered why that is? In this course, we will explore how we make decisions with less-than-perfect information. Through real-life examples and case studies, we will examine common behavioral biases and how to deal with them.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

This course is being offered by a learning partner and will not be accessible on your My CPE page. Access information will be emailed directly to you by CPA Crossings.

Highlights

The major topics that will be covered in this course include:

• Overview of biases and standard of living risk
• Overview of difference between emotional and processing biases
• Examples of various real life examples and case studies

Prerequisites

Basic understanding of client financial needs

Designed For

CPAs and financial advisors who want to know more about basic behavioral finance biases exhibited by investors

Objectives

After attending this presentation, you will be able to...

• Recall the difference between the rational economic person concept and behavioral economics
• Recognize how common information processing and emotional biases affect client financial decisions
  
• Identify how standard of living risk affects a practitioner’s methods in dealing with behavioral biases

Preparation

None