Q6. Which of the following most likely explains Tom Heggins’s behavior in investment decisions?

A)   Tom uses a top-down approach to assess his skills.

B)   Tom uses anchoring to assess his skills.

C)   Tom uses the ceteris-paribus heuristic to assess his skills.

Q7. Which of the following best describes Joanne McHale’s behavioral characteristic in investment decisions?

A)   Joanne is loss averse.

B)   Joanne uses the ceteris-paribus heuristic.

C)   Joanne’s regret too heavily influences her investment decisions.

Q8. Which of the following best describes Jack Sims’s behavioral characteristic in investment decisions?

A)   Jack is overconfident.

B)   Jack uses representativeness.

C)   Jack uses frame dependence.

Q9. Which of the following would Heggins, McHale, and Sims be least likely to use when making investment decisions?

A)   Heuristics.

B)   Their personal experiences.

C)   Fundamental analysis.

答案和详解如下：

Q6. Which of the following most likely explains Tom Heggins’s behavior in investment decisions?

A)   Tom uses a top-down approach to assess his skills.

B)   Tom uses anchoring to assess his skills.

C)   Tom uses the ceteris-paribus heuristic to assess his skills.

Correct answer is A)
   

Tom likely uses a top-down approach to assess his skills. Overconfident individuals will presume that because they are successful in one area of their life, they can be successful in other areas as well.

Q7. Which of the following best describes Joanne McHale’s behavioral characteristic in investment decisions?

A)   Joanne is loss averse.

B)   Joanne uses the ceteris-paribus heuristic.

C)   Joanne’s regret too heavily influences her investment decisions.

Correct answer is A)
   

Joanne is loss averse. Because she dislikes losses so much, she is willing to take more risk to make up the losses in her portfolio. She is investing her savings in technology mutual funds that will have much higher risk.

Q8. Which of the following best describes Jack Sims’s behavioral characteristic in investment decisions?

A)   Jack is overconfident.

B)   Jack uses representativeness.

C)   Jack uses frame dependence.

Correct answer is B)         

Jack uses representativeness to make investment decisions. He believes that just because a firm’s environmental policy and CEO are good, then the firm’s stock will be a good investment. He ignores the fact that the stock might be overvalued.

Q9. Which of the following would Heggins, McHale, and Sims be least likely to use when making investment decisions?

A)   Heuristics.

B)   Their personal experiences.

C)   Fundamental analysis.

Correct answer is C)

These investors would be least likely to use fundamental analysis of financial statements. Behavioral investors will use their experiences, inferences, and heuristics (rules of thumb) to form investment decisions. They do not use scientific analysis. Their decisions are therefore prone to error.

[此贴子已经被作者于2009-1-19 14:40:11编辑过]

这是书后的习题么，还没做列，呃

tx