The Seven Sins of the Investor

Just one question: Do you think you are Homo economicus?

For a long time, science of economics didn't ask the above term, instead, it simply offered one proposition: People are Homo economicus. The most important features of the Homo economicus is trying to maximize their profit, increasing the benefit to the maximum level and focusing only on their own interests. Now, you might say that all of us think or want these things. However, homo economicus states that individuals, which are doing or wanting to do these things, have a perfect rationality, an unlimited cognitive capacity, a perfect knowledge and this defense of behavioral economy arises exactly from this deficiency in this proposition. Of course, investors strive to maximize their profit, but they make their decisions within the frame of limited rationality or irrationality. The various economic crises that occurred throughout history have proven that the theory of "homo economicus" offered by the economy is defective.

In the course named "The Seven Sins of the Investor", we will talk about some of the biased, defective behaviors in behavioral economics. In addition, we will look at how these behaviors affect the investment process. I must say that a process that will develop over time awaits you, however, you need to come to the starting point first in order to be involved in the process. This training aims to give you a starting point by making you realize what kind of investor you are and what behaviours you have. Hope to see you in the course...