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Advanced · Behavior
Investor Psychology
The biases that cost you money, and the checklist that stops them before you trade.
You know how to value a company, read a chart, price a bond. This course does not hand you another tool — it looks at the person using them. Analytical skill is no immunity against bias, because bias operates automatically, before analysis gets a chance to intervene. You follow Irene as her own biases act on her real portfolio: a winner, a loser with deteriorating fundamentals, and a passing temptation that climbs 180% and then collapses. Intermediate level, and universal: psychology does not change from one country to another.
What you'll learn
- Tell System 1 from System 2 when deciding under pressure
- Measure loss aversion and the disposition effect in your portfolio
- Quantify what overconfidence costs when you overtrade
- Catch confirmation bias, herding and FOMO in real time
- Recognize anchoring, recency, and the sunk cost fallacy
- Apply a five-question checklist before every trade
Course content
- System 1 and System 2
- Loss aversion
- The disposition effect
- Overconfidence
- Confirmation bias
- Herd behavior and FOMO
- Anchoring and recency bias
- The sunk cost fallacy
- Synthesis: a checklist to rein in bias