- CFA Exams
- 2026 Level I
- Topic 9. Portfolio Management
- Learning Module 5. The Behavioral Biases of Individuals
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Learning Outcome Statements PDF Download
| 1. Categorizations of Behavioral Biases compare and contrast cognitive errors and emotional biases | |
| 2. Cognitive Errors discuss commonly recognized behavioral biases and their implications for financial decision making | |
| 3. Emotional Biases discuss commonly recognized behavioral biases and their implications for financial decision making | |
| 4. How Behavioral Finance Influences Market Behavior describe how behavioral biases of investors can lead to market characteristics that may not be explained by traditional finance |
I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.

Andrea Schildbach
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