FECON 368 · also PSY 368
Behavioral Finance: A Taxonomy of Money Mistakes
John Forlines III
Description from DukeHub
Uses popular and accepted theories of human behavior from the fields of psychology and decision-making to characterize some prevalent features of irrational behavior in financial markets. Includes discussion of typical errors made by financial market participants as a result of behavioral biases, and examination of the extent to which irrationality can affect financial markets at the aggregate level ('bubbles'), how long irrationality may persist, and what factors will eventually cause these bubbles to burst ('crashes'). Prerequisite: Economics 201D. Seniors only.
Skills
- financedescription: "financial" and 2 more
AI-resilient: 1 of 5
- No: Physical, lab or field work
- No: Live work with people
- Yes: Judgment someone is accountable for · "decision"
- No: A craft you practice with your hands or body
- No: Small, in-person format
The checks lean on Microsoft Research, Working with AI (2025), which found generative AI applies least to physical work and hands-on work with people. A signal, not a promise. How the score works
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