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Behavioral Economics

CEU approval for MFLN Personal Finance webinars expires 3 years after the live event. CEUs are no longer available for this webinar.For more information and to earn CEUs from more current webinars click here.

Dr. Lois Vitt will present this 90 minute session on behalf of the Military Families Learning Network.
The web conference, “Ferryboat Captains and the Case for Behavioral Strategies in Teaching Financial Decision-Making,” will give conference participants tools that can help their clients and other learners—and couples—make more self-enhancing spending, saving and investing decisions. Using research from behavioral finance, Dr. Lois Vitt identifies and contrasts the social factors that shape and influence everyone’s financial behaviors and choices. In contexts unique to military service members and their families, she examines the concept of feeling “entitled” to spend money, to buy unaffordable items, and act out over money issues despite knowing better. She also tackles the psychology of guilt in its many guises that interferes with clear-headed decision-making. Guilty feelings can trigger reactionary financial decisions that sabotage even the best personal relationships and spoil chances for building one’s future financial security. She introduces webinar participants to ideas and resources that can help calm already anxiety-producing situations of deployment, homecoming, and beyond.
Lois A. Vitt, Ph.D is the Founding Director of the Institute for Socio-Financial Studies (ISFS). She is an author, educator, and researcher in behavioral finance, consumer financial decisions, and the finances of aging and retirement. Prior to founding ISFS, Dr. Vitt was an executive in financial firms and a government official. She earned an Executive MBA at Pace University in New York and her Ph.D. in sociology and social psychology at American University in Washington, DC.
Dr. Vitt is the author of books and articles on the psychology of consumer financial decisions, and she has given talks about the social effects of consumer finances and education before audiences around the world. She is Editor-in-Chief of the 2-Volume, Encyclopedia of Retirement and Finance (Greenwood Publishing Grouup, 2003).
Dr. Vitt has been featured at NPR, Oprah and Friends, and MarketWatch, and in the following selected publications, Cosmopolitan, Wall Street Journal, The Washington Post, New York Times, Barron’s, Realtor Magazine, Chicago Tribune, Boston Globe, Toronto Globe and Mail, San Francisco Chronicle, LA Times, San Diego Union-Tribune, HousingPredictor.com, Women and Health, and AARP Magazine.

To connect to this webinar, which is hosted by DoD, you must install security certificates if you are not on a military installation. Instructions for can be found: http://blogs.extension.org/militaryfamilies/files/2012/06/DoCCertificate.pdf

For those who cannot connect to the Adobe site, an alternative viewing of this webinar will be running on Ustream http://www.ustream.tv/channel/milfamln
Also you can connect to the Adobe webinars using the iPhone, iPad, and Droid apps. Search for DCO Connect in the respective stores.

No registration is required.

Webinar Documents:
Powerpoint: http://create.extension.org/sites/default/files/BEHAVIORALECONOMICS.pdf
Backgrounder: http://create.extension.org/sites/default/files/BehavioralFinanceBackgrounder_0.pdf
Read-Ahead: http://create.extension.org/sites/default/files/BehavioralEconomicsReadAhead.pdf
Book suggestions: http://blogs.extension.org/militaryfamilies/2013/09/25/behavioral-economics-book-suggestions/
Life Values-Centered Financial Counseling document: http://create.extension.org/sites/default/files/COUNSELORS.pdf

http://www.youtube.com/watch?v=gd5fPvh3-y4

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This website is supported in part by New Technologies for Ag Extension (funding opportunity no. USDA-NIFA-OP-010186), grant no. 2023-41595-41325 from the USDA National Institute of Food and Agriculture. Any opinions, findings, conclusions, or recommendations expressed in this publication are those of the author(s) and do not necessarily reflect the view of the U.S. Department of Agriculture or the Extension Foundation. For more information, please visit extension.org. You can view the terms of use at extension.org/about/terms.

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