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Step 13

Advanced Psychology & Behavior

Control cognitive biases and build a sustainable decision-making system.

Lesson list

Lesson 1

FOMO and FUD

Identify FOMO and FUD to avoid impulsive crowd-driven decisions.

Lesson 2

Loss Aversion

Understand loss aversion to balance risk and return in decisions.

Lesson 3

Confirmation Bias

Reduce confirmation bias to engage with information from multiple perspectives.

Lesson 4

Recency Bias

Avoid over-reliance on recent data to maintain a long-term perspective.

Lesson 5

Anchoring Bias

Move beyond initial price anchors to value assets more flexibly.

Lesson 6

Availability Bias

Identify availability bias to assess probabilities more objectively.

Lesson 7

Survivorship Bias

Avoid looking only at winners when assessing the full range of risks.

Lesson 8

Overconfidence and Illusion of Control

Control overconfidence to limit risks that exceed your capability.

Lesson 9

Hindsight Bias

Identify the illusion of having known in advance to learn honestly from the past.

Lesson 10

Narrative Fallacy

Separate compelling stories from actual data to avoid flawed reasoning.

Lesson 11

Herding and Reflexivity

Understand herd behavior and price feedback so you do not get pulled along by trends.

Lesson 12

Psychology After Winning and Losing Streaks

Stabilize psychology after streaks to maintain system discipline.

Lesson 13

Action Bias and Overtrading

Control excessive action tendencies to preserve performance.

Lesson 14

Decision Fatigue

Manage decision energy to maintain choice quality.

Lesson 15

Second-Level Thinking

Train second-level thinking to look beyond common expectations.

Lesson 16

Pre-Mortem and Post-Mortem Analysis

Use pre-mortems and post-mortems to improve reflection quality.

Lesson 17

Bias-Resistant Decision Process

Design a decision process that reduces the impact of cognitive biases in investing.

Lesson 18

Control During Market Crashes

Maintain discipline and protect capital when markets enter a crisis.