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September 26, 2023 @ 2:00 pm - 3:00 pm EDT
A Hitchhiker’s Guide to Intertemporal Discounting: Using Time Preference to Predict Client Behavior
Long held as mysterious and almost impossible to predict, new insights into human behavior and behavioral finance reveal surprisingly predictable patterns. When understood and used properly, these patterns can help advisers serve their clients in remarkable ways, largely by allowing us to predict outcomes and intervene in advance. We are going to delve into the world of time preference, one of the most fascinating behavioral finance constructs. After a discussion about what time preference is and how it can be measured by an advisor, we will apply what we have learned to a wealth transfer scenario and discuss implications for estate planning.
Pricing: $49 per class or $149 annually. AFCPE members receive a 25% off discount