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答案和详解如下：

 

Q1. Correct answer is A)

According to behavioral finance, individuals invest in securities they are familiar with. They are over concentrated in their employer’s stock and in domestic securities. Their portfolios will exhibit a home bias, with few international assets.

Q2. Correct answer is C)         

Investors will diversify a portfolio for their defined contribution pension using 1/n diversification. If their employer offers ten mutual funds, employees will tend to put one-tenth of their contribution in each mutual fund.

Q3. Correct answer is A)

According to behavioral finance, investors will diversify the portfolio for their defined contribution pension using 1/n diversification. In 1/n diversification, an employee puts an equal amount in each fund on the employer’s defined contribution pension plan menu. For example, if there are eight mutual funds available, the employee will put one-eighth of their contribution in each fund. Note that in the U.S., an employer cannot force an employee to put more than 10% of their retirement funds in company stock.

Q4.Correct answer is A)

McCauley assumes that because he is successful as an engineer, he would be successful in management. He is overconfident in his abilities and assumes that his success in one area will carry over into other activities he attempts.

Q5. Correct answer is B)         

According to behavioral finance, overconfident individual investors will fail to correct their poor decision making process. Their inability to make correct decisions also means that they lack the ability to recognize their own incompetence.

Q6. Correct answer is A)

According to behavioral finance, overconfident individual investors cannot detect their own underperformance and generalize when thinking about their abilities. They believe that because they have been successful in one area of their life then they should be successful in investing as well.