Webinar

Why People Are Irrational, Biased and Emotional With Money

Monday, April 28, 2025
3-5 p.m. Central
2 CPE (2 non-technical) | 2 Ethics

Course code: 25WX-0343
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Online registration is not available due to server maintenance. Please call 952-831-2707 between 7:30 a.m. and 4:30 p.m. Central to register.

In this course, we will explore the psychological and behavioral factors that contribute to irrational and biased money decision-making. We will examine the role of cognitive biases and emotions in financial decision-making, and discuss strategies for overcoming these biases to make more rational financial choices. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Major subjects

Common irrational money decisions
Cognitive biases and their impact on decision-making and ethical behavior
Mental accounting
The ostrich effect
Present bias
Sunk-cost fallacy
Anchoring bias
Status quo bias
The bandwagon effect
Emotional responses in money decisions

Learning objectives

Recognize the psychological and behavioral factors that contribute to irrational and biased money decision-making
Identify common cognitive biases that impact financial decision-making
Identify the role of mental accounting in financial decision-making
Recognize the dangers of the ostrich effect in financial planning
Use strategies for overcoming cognitive biases and emotions in financial decision-making
Recognize the impact of present bias on financial planning
Recognize the pitfalls of the sunk-cost fallacy in financial decision-making
Identify the role of anchoring bias in financial decision-making
Recognize the impact of status quo bias on financial decision-making
Recognize the dangers of the bandwagon effect in financial planning

Who should take this program?

Anyone interested in improving their financial decision-making skills, including individuals, financial professionals, and business owners. It will be especially useful for those who have struggled with making irrational or biased financial choices in the

Pricing

Standard Member Fee	$89.00
Standard Nonmember Fee	$89.00

Our records indicate you are a nonmember. If you register, you will be charged $89.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.

Online registration is not available due to server maintenance. Please call 952-831-2707 between 7:30 a.m. and 4:30 p.m. Central to register.

More program information

Instructor Garrett Wasny, MA, CMC, CITP/FIBP

Location Online

Area
of study Ethics

Field(s)
of study Behavioral Ethics - Non-Technical (2.0)

Level Overview

Format Group Internet Based

Sponsor CPA Crossings, LLC
NASBA ID#: 108744

Prerequisites Prereq. While no specific knowledge is required to take this course, it may be beneficial to have a basic understanding of financial concepts and terminology.

Advance
prep None

Cancellation
policy Receive a full refund if you cancel at least four business days before the event start date.
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