Behavioral Finance 2012 上午题 Behavioral Finance, CFA level 3

chelseajcole

Diagnostic Question
Identify the behavioral bias that each
diagnostic question in Exhibit 1 is most
likely to reveal.
(circle one)
1. Would a prior investment decision that resulted
in a loss stop you from making a similar
decision, even if the new investment appears to
be the best alternative?
anchoring
hindsight
regret aversion
representativeness
status quo
2. How frequently do you review your investment
portfolio?
anchoring
hindsight
regret aversion
representativeness
status quo
3. Would you sell a recent equity investment
following a management announcement of a
significant decline in the expected growth rate of
revenue?
anchoring
hindsight
regret aversion
representativeness
status quo

答案给的这三个选项我觉得有问题啊，第一题说是过去失败的经历，我感觉完全没有提到regret aversion什么事 啊，感觉更像是representativeness bias 啊？

第二题也很怪，经常看看账户为什么就是status quo?

第三题也怪，发布一个消息卖不卖就是anchoring嘛？没有道理啊，没有具体的锚定效应显现啊

adjani.zhang

Failed -> avoid it (regret the failed case)

status quo individual -> low frequently

anchoring and adjustment -> do not make further analysis , focus a target information (recent price) make subsequent judgments (sell)