New York Institute of Finance

This course offers an in-depth exploration of behavioral finance and its impact on portfolio management. Participants will learn to critically evaluate modern portfolio theory and behavioral finance, gaining insights into decision-making under uncertainty, risk aversion, and cognitive biases. The course also covers advanced topics like multi-factor models and trading biases, equipping learners with the skills to implement effective portfolio management strategies.

Portfolio Theory and Behavioral Finance

Explore decision making under uncertainty, utility functions, measures of risk aversion, prospect theory, cognitive biases, and framing.

Risk Aversion: The Psychology of Risk

Review the Capital Asset Pricing Model (CAPM), two fund separation, arbitrage pricing theory, multi-factor models, and evaluate the evidence supporting these theories.

Modern Portfolio Theory

Examine trading biases, the disposition effect, under-diversification, herding, and strategies for implementing behavioral portfolio management.

A Behavioral Approach to Portfolio Management

Develop a thorough understanding of the implications of behavioral finance for portfolio management. Critically assess the competing claims of behavioral finance and modern portfolio theory for real-world portfolio management.

Professionals responsible for managing investment portfolios and making strategic investment decisions.

Portfolio Managers

Advisors who provide financial planning and investment management services to high-net-worth individuals.

Wealth Managers

Experts who offer financial advice and investment strategies to clients to help them achieve their financial goals.

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Portfolio Theory and Behavioral Finance

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