Q8. Which of the following sets of assumptions is most relevant to the behavioral finance investment framework? Investors are: A) risk averse, investors demonstrate rational expectations with respect to investment choices, investors construct portfolios consistent with asset integration. B) loss averse, investors exhibit biased expectations, investors construct portfolios via asset segregation. C) risk averse, investors exhibit biased expectations, investors construct portfolios via asset segregation.
Q9. The concept of behavioral finance has begun to be employed in investment management. Which of the following statements is CORRECT regarding behavioral finance and its potential affect on a client’s risk objectives? Behavioral finance implies that investors are:
A) loss averse, rather than risk averse, and this may have an impact upon the investors' willingness to take risk. B) risk averse, rather than loss averse, and this may have an impact upon the investors' willingness to take risk. C) loss averse, rather than risk averse, and this may have an impact upon the investors' ability to take risk.
Q10. Which of the following statements regarding individual investors, money managers, and security analysts is FALSE?
A) Security analysts tend to perform better than money managers. B) Admiration is associated with excellent stock performance in the minds of value-expressive investors. C) Investors realize the need for financial counseling.
Q11. Behavioral finance indicates investors do NOT exhibit which of the following?
A) Asset integration. B) Biased expectations. C) Asset segregation.
Q12. Focusing on asset-by-asset characteristics is an example of asset:
A) assimilation. B) segregation. C) integration.
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发表于 2009-1-19 16:55
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