25 years: Behavoural science & conduct
Conduct regulators are interested in why you behave the way you do. How your brain makes decisions largely dictates how you behave. As a result, it is beneficial to be aware of when we make decisions based on biases rather than rational judgements. In this video, Roger outlines some of the biases that impact decisions, namely: loss aversion, present bias, affect, overconfidence, projection and selective attention.
Conduct regulators are interested in why you behave the way you do. How your brain makes decisions largely dictates how you behave. As a result, it is beneficial to be aware of when we make decisions based on biases rather than rational judgements. In this video, Roger outlines some of the biases that impact decisions, namely: loss aversion, present bias, affect, overconfidence, projection and selective attention.
11 mins 46 secs
Conduct regulators are interested in why we behave the way we do. A big part of this is how the brain makes decisions, which is based on biases rather than fully rational judgements.
Key learning objectives:
Learn why biases exist
Explain hard thinking and how the brain deals with it
Describe the six key biases
Understand the regulator's interest in biases