NO.PZ2022052301000019
问题如下：
Weaver explains that instead of basing its assumptions on idealized behavior, behavioral finance bases them on observed behavior. She recounts an instance when an elderly client asked her to realize losses in her portfolio to offset taxable realized gains. However, the very next day the same client called her in a panic to ask why her cash balance was so high.
What behavior has Weaver’s elderly client most likely exhibited?
选项：
A.Emotional bias
Behavioral Finance Macro (BFMA)
C.Cognitive error
解释：
Behavioral biases can be categorized as either cognitive errors or emotional biases. Cognitive errors stem from basic statistical, information-processing, or memory errors and are considered to result from faulty thinking.
Weaver’s elderly client has exhibited a cognitive error: an information-processing or memory error regarding the losses that were taken to eliminate taxable realized gains which resulted in a higher than normal cash balance.
She recounts an instance when an elderly client asked her to realize losses in her portfolio to offset taxable realized gains. However, the very next day the same client called her in a panic to ask why her cash balance was so high.
