Behavioral Biases in Financial Decision-Making

From Lesson 3, assign Activity 1 and teach Procedure Steps 13–19 to demonstrate loss aversion in stock-selling decisions. From Lesson 4, use Steps 17–20 (with the exercise scenario introduced in Steps 6–9) to demonstrate present bias. Ask how these biases might cause investors to hold losing stocks or repeatedly postpone retirement contributions. Omit the remaining activities.