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Layer 3 · Industry Domain MasteryBehavioural Finance

Behavioural finance — why investors do what they do

Loss aversion, overconfidence, recency bias, herding — the cognitive traps that turn 12% fund returns into 9% investor returns. The edge most professionals never develop.

20 hours of content7 chaptersFree during Phase 1

Quick info

Layer
Industry Domain Mastery
Track
Behavioural Finance
Estimated hours
20 hrs
Chapters
7
Cost on Trustner
Free
Lessons being written

The full chapter-by-chapter syllabus is published below so you know exactly what you're committing to. Individual lesson pages are being authored progressively over the coming weeks. Bookmark this page or browse all courses.

About this course

Markets are rational; the people in them are not. Behavioural finance maps the cognitive traps that turn 12% fund returns into 9% investor returns. The edge most professionals never develop.

Who this is for

  • Investment advisers, fund managers, and analysts.
  • CFP and CFA candidates layering soft skills on hard knowledge.
  • Self-investors who want to beat themselves before they beat the market.

What you'll learn

  • The catalogue of biases — what they are, when they fire, who they hurt
  • Behavioural portfolio construction — accommodating, not pretending around, biases
  • Coaching clients through bull-market euphoria and bear-market panic
  • The investor-return gap and what closes it

Full syllabus — 7 chapters

  1. 1
    Chapter 1

    Two systems thinking — and why it matters here

    • Kahneman's System 1 / System 2
    • Implications for investment decisions
  2. 2
    Chapter 2

    The bias catalogue

    • Loss aversion, anchoring, recency, herding, overconfidence
    • Confirmation, hindsight, availability
  3. 3
    Chapter 3

    Prospect theory in practice

    • Asymmetric loss-gain perception
    • Implications for risk profiling
  4. 4
    Chapter 4

    The investor-return gap

    • DALBAR-style studies in Indian context
    • Closing the gap — process and rules
  5. 5
    Chapter 5

    Bear-market client conversations

    • Scripts for the panicking caller
    • Pre-committing rules before the bear arrives
  6. 6
    Chapter 6

    Bull-market temptations

    • Recency and the chase for "the next multibagger"
    • When to disappoint a client
  7. 7
    Chapter 7

    Behavioural portfolio design

    • Mental accounting and goal-bucket portfolios
    • Default options that nudge toward better behaviour
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