NO.PZ2018101901000018
问题如下:
In the 1980s, Japan was viewed by many FMPs as the model economy. Although
its growth began to decelerate sharply by 1990, it was not until the mid to late
1990s that FMPs’ GDP forecasts were consistently achieved. By taking several
years to adapt their forecasts to the lower growth environment, FMPs exhibited
which behavioral bias?
选项:
A.Mental accounting
Overconfidence
Conservatism
解释:
C is correct.
Conservatism bias results in maintain or only slowly updating views and forecasts despite the presence of new information. FMPs in the 1990s were reluctant to update forecasts, despite materially different new information for several years.
如题,先是提到了日本经济是曾经的王者。然后就说虽然1990年初日本就已经出现了经济急剧下滑的迹象,但FMPs们却直到1990年中后期才一致同意预测日本经济已经不行了。
那么在年初到中后期这段时间里,就是因为FMPs们坚定地相信日本经济一定能再创辉煌,所以FMPs们的预测才迟迟无法跟现实状况同步。这不就提现了overconfidence吗?过度相信日本经济一定能好转能重回巅峰。