Publishing RAD Zone1 Behavioral Finance Modern Portfolio Theory and Behavioral Finance: The Mathematics of Turbulence Take 15 Kent Osband discusses a mathematical framework for bridging modern portfolio theory’s rationalism with behavioral finance’s irrationalism. More Overcoming the Cost of Being Human Barclays A collection of articles on why behavioral finance matters, the zone of anxiety, the cycle of investor emotions, identifying your financial personality, and getting one step ahead of yourself. More Behavioral Portfolio Management Social Science Research Network How to apply behavioral finance to take advantage of market volatility. [Registration required] More Using Behavioral Finance to Improve the Adviser–Client Relationship The Research Foundation of CFA Institute Advisers who study behavioral finance and incorporate its insights into their practices will improve the outcomes for their clients by making prudent recommendations in a way that increases the odds that the clients will act upon them. More Sell-Side Analysts and Gender: A Comparison of Performance, Behavior, and Career Outcomes Financial Analysts Journal Recommendations of female analysts, compared with those of their male counterparts, produce similar abnormal returns but with lower idiosyncratic risks. More A Story Can Be More Useful Than Maths Financial Times John Kay describes the differences between probabilistic thinking and narrative thinking and shows why narrative thinking is superior in many contexts. [Registration required.] More The Success Equation: Untangling Skill and Luck in Investment Management Webcast Michael J. Mauboussin discusses how equity investors can improve their decision-making processes to achieve better outcomes. More Modern Portfolio Theory and Behavioral Finance: The Mathematics of Turbulence Overcoming the Cost of Being Human Behavioral Portfolio Management Using Behavioral Finance to Improve the Adviser–Client Relationship Sell-Side Analysts and Gender: A Comparison of Performance, Behavior, and Career Outcomes A Story Can Be More Useful Than Maths The Success Equation: Untangling Skill and Luck in Investment Management From the Blog Just Released: CFA Institute Magazine (May/June 2013) Jennifer Curry 21 May 2013 The cost of financial illiteracy is high. From distorted markets to mangled individual retirement plans, some of the consequences have become all too familiar for investment professionals. Can efforts to raise financial literacy change behaviors and promote better outcomes? The May/June issue of "CFA Institute Magazine" examines the scope and scale of financial illiteracy and initiatives designed to address the problem, including efforts by local CFA Institute member societies. Read more Book Review: The Hour between Dog and Wolf: Risk Taking, Gut Feelings, and the Biology of Boom and Bust Rodney Sullivan, CFA 17 May 2013 John Coates, senior research fellow in neuroscience and finance at the University of Cambridge, offers a number of fascinating lessons from a booming new field, the biology of risk, revealing how risk taking and stress transform our body chemistry and drive us to irrational exuberance or pessimism. When such chemical surges overwhelm traders and investors, they tend to suffer either euphoric overconfidence or extreme timidity. Read more How Does Gender Affect the Performance and Career Outcomes of Sell-Side Analysts? (Podcast) Pat Light 13 May 2013 Rodney N. Sullivan, CFA, discusses his recent research on the effects of gender in the sell-side analyst field. Read more View all Popular and Trending Items in Behavioral Finance Most Viewed Rough Markets, Tough Clients: Practical Stress Management for Investment Professionals Behavioral Finance Course CFA Institute: Financial Analysts Seminar Top Rated Murder on the Orient Express: The Mystery of Underperformance How to Tame Your Emotions When Investing The Flaws of Our Financial Memory Looking for Something Specific? Search our library for more on behavioral finance Subscribe to behavioral finance content Contact our content specialists Tweets from @CFAinstitute/behavioral-finance Continuing Education Progress CFA Members, log in to record credits towards your continuing education. Annual recommended minimums:20 CE, including 2 SER. Manage Your CE Credits Publishing RAD Zone2 Publishing RAD Zone3