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.
Learning 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
Major Topics
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
