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.