Full List of Behavioral Biases

CFA Level I
#1

Hi all,

Wondering if anyone has a comprehensive list of all behavioral finance biases that are mentioned in CFA L1. I searched the forum and found a thread with a list but it was for level 3.

Any links or insight into which to focus on would be great. I’ve noticed a lot of them get repeated in different sessions but some don’t seem to be repeated.

Thanks in advance!

#2

I’ll start:

  1. Conservatism
#3
  1. Conservatism
  2. Disposition Effect
  3. Gambler’s Fallacy
  4. Investor Overconfidence
  5. Loss Aversion
  6. Mental Accounting
  7. Narrow Framing
  8. Representativeness

That’s what I have in my notes.

#4
  1. The money illusion (though not sure that’s in the curriculum)
#5

I don’t think we entioned backfill. Is it the same as one that’s already been listed?

  1. Conservatism
  2. Disposition Effect
  3. Gambler’s Fallacy
  4. Investor Overconfidence
  5. Loss Aversion
  6. Mental Accounting
  7. Narrow Framing
  8. Representativeness
  9. Backfill bias