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Level 3 Investing – GoStudy CFA L3 Behavioral Finance, R6 Individual Biases

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Level 3 Investing – How to Choose

Identifying the Emotional and Cognitive errors you need to know for the CFA Level 3 (CFA L3) Exam. Full coverage of Study Session 3, Reading 6 – Individual Behavioral Biases.

Emotional Biases: Loss Aversion, Overconfidence, Self-control bias Endowment Bias, Regret Aversion, Status Quo Bias

Cognitive biases are divided into informational processing errors and belief perseverance errors.

They include:
Conservatism bias, confirmation bias, illusion of control, representativeness bias, hindsight bias, framing bias, anchoring and adjustment, mental accounting, availability bias

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4 Comments

  1. Amy Chan
    July 29, 2021 at 5:56 pm

    The pictures help the brain the memorise those biases

  2. Kay D
    July 29, 2021 at 5:56 pm

    Thank you. Con, Con, Con, Rep, Hind. FAMA. LOSERS. You presented a great way to memorize the biases!!!

  3. Geoffrey Khoury
    July 29, 2021 at 5:56 pm

    wow – you should be a professor. best video on behavioral finance I've seen so far. most of the others simply read off the slides – but you provide additional color on the concepts with examples, etc. Much appreciated and looking forward to the other videos.

  4. Liam Strong
    July 29, 2021 at 5:56 pm

    This is a bloody good tutorial. Thanks!