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2011 CFAI AM Behavioural Biases Q1

Did anyone else find 1) B rediculously vague and open to interpretation? The only one that was obvious was the first. The other two were extremely vague. Frame dependancy is investor’s base decisions on how info is framed and aversion to ambiguity is quite self explanatory but I couldn’t match them up with any ease. Anyone else find this? If so how are you overcoming it as I’m at a loss…

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