EconCERF

Intermediate · I6

Behavioural Guardrails

Common Mistakes named the traps. This module shows how to write a dated process that slows the decision down when markets fall, and where to keep it so you actually see it.

By the end of this module, you’ll be able to:

  • Explain why recognising a behavioural trap does not prevent it.
  • Write a rule with a trigger, a response and the date you wrote it.
  • Write one guardrail for falling markets and one for rising markets.
  • Put each guardrail where you will see it before an unplanned trade.
  • Tell a genuine change in your circumstances from a reaction to markets.

6 lessons · about 40 minutes

  1. 1The gap between knowing and doing
  2. 2What a pre-commitment is
  3. 3The two kinds of guardrail, and you write both
  4. 4The rule, tested
  5. 5Keeping the rule current
  6. 6Behavioural Guardrails in one page + a quick check

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