I have compiled a list of what I think are the most important behavioral finance errors that are likely to be tested. In the event that a list of choices is not provided on the exam, I will choose from this mental list.
I have been looking through old exams, and it seems that the CFAI has changed the terminology for various behavioral traits over the years, so I have excluded terms that do not appear in the current curriculum (e.g. recallability, reference dependence, mental accounting). Please feel free to post a modified version of this list.
- Representativeness
- Overconfidence
- Anchoring-and-adjustment
- Aversion to ambiguity
- Loss aversion
- Self-control
- Regret minimization
- Money illusion
- Pyramids
- Naive diversification
- Status quo bias
- Endorsement effect
- Familiarity bias
- Home bias
Edited 1 time(s). Last edit at Sunday, May 30, 2010 at 03:12PM by nedust.作者: Roflnadal 时间: 2011-7-12 21:19
just to add some more to the list (some may be overlapping terms with similar interpretations)作者: Valores 时间: 2011-7-12 21:30
Are you sure all of those are in the 2010 curriculum?作者: zwjy 时间: 2011-7-12 21:41
-Heuristics
-Frame dependence
-Emotion and cognition
-Hedonic editing
-Myopic loss aversion
FML thats so many to remember作者: skycfa 时间: 2011-7-12 21:53
yes ... each of them. either in schweser or in cfa. mostly the ones you have missed out are from CFA text.作者: Windjam 时间: 2011-7-12 22:04
Haha, well you can tell how I studied.作者: IAmNeil 时间: 2011-7-12 22:15
still a week's time ... get whatever u can lay your hands to ... we are all doing that. 作者: thommo77 时间: 2011-7-12 22:27
Forget the Schweser terms... those specific words are not going to get you far on the test.作者: Unforseen 时间: 2011-7-12 22:38
Don't forget the forecasting traps (anchoring, status quo, confirming evidence, recallability, prudence, and the last one that I always forget). They are technically part of econ or capital markets expectations but the 2007 "behavioral finance" section was all forecasting traps.作者: lcai 时间: 2011-7-12 22:49
