Money, investing, and the Human spirit
The work of psychologists Daniel Kahneman and Amos Tversky in the 1980s and three decades of follow-on psychological research, has revealed striking insights on the complex ways in which the human mind operates, and has ushered in an entirely new field of endeavor, referred to as behavioral finance. The research identified pervasive deep-seated biases and heuristics in humans, and revealed numerous quirks in our decision-making process that were surprising even to the experts. These revelations, while originating from within the psychology world, held such game-changing implications for the financial world that their originator was awarded the the Nobel Prize for Economics.
The applications of behavioral science to finance and economics are now broad and well researched. They encompass activities such as spending, investing, trading, financial planning, portfolio management and business commerce. In addition, behavioral implications are also turning on end some of the former Nobel prize-winning theories about how economies and financial markets function.
Nonetheless, behavioral finance is still young and is only now beginning to make its way into mainstream academia, industry and society. The goal of BehavioralFinance.com is to provide a home for this exciting new field – one that facilitates education, research, application, and ethical practice, while supporting a vibrant worldwide community of people with an interest and a passion in the subject.
Introducing The world's premier blog on Behavior Finance and economics
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The "Behavior Fi" blog brings you news, insights, research, applications and more!
"Behavior Fi" is your exclusive access to an ongoing stream of content related to behavioral finance and economics. It is the heart of our web offering and your direct connection to the worldwide behavioral finance community. Behavior Fi taps into a wide array of sources, collects and writes relevant articles, categorizes them, and archives them. In short, we aim to make it the most comprehensive content source on the subject available anywhere. See it right now!
- Gain new insights from experts on how financial matters influence behavior or how behavioral factors influence the financial markets.
- See how financial professionals deal with behavioral issues in real world practice.
- Discover the latest developments on how technology and behavior are intersecting.
- Tap into the latest research on financial behavior and psychology.
- View the world through the lens of human behavior and understand it as never before.
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Registration is now open for the Premier Behavioral Finance event of the year!
The San Francisco Behavioral Finance Symposium (our signature event) will be held on November 3-4 , 2017 at Golden Gate University.
This is the 5th year of the event, and we are very pleased to announce special guest and renowned author Leonard Mlodinow as our headliner. Also added to this year's event are interactive workshops to further enhance your learning experience.
Don't miss it! Learn More
The Behavior Fi Community
Advisors & Planners
Redefine advisor-client relationships by employing insights on biases,
risk-tolerance, cultural, and emotional characteristics. Use behavioral perspectives as a competitive differentiator.
Behavioral factors are now seen as perhaps the single greatest hindrance to investment performance among individual investors. Individuals must know how to deal with a host of unconscious behavioral challenges if they expect to manage their own money.
Portfolio managers and traders can only expect to optimize their performance (and compete with computers) with a thorough understanding of the human decision process. In addition, behavior-based anomalies offer savvy managers a viable path to achieving alpha.
Behavioral implications are paramount to financial institutions of all sizes and specialties. Those who do not fully embrace behavioral science may truly risk their competitive positioning and jeopardize their long term sustainability.
Marketers and CSRs
Behavioral insights are indispensable to marketers and client-facing personnel in financial services firms. Marketing programs and customer service functions will need to fully understand and recognize behavioral factors in order to perform their roles effectively.
Public company executives and their investor relations teams cannot afford to ignore the behavioral characteristics of their stockholders. For that matter, they cannot ignore the impact of their own behavior on the success of their companies as well.