开发者:上海品职教育科技有限公司 隐私政策详情

应用版本:4.2.11(IOS)｜3.2.5(安卓)APP下载

返回

开泰-王飞 · 2022年12月22日

C为何错？

  1. CFA III
  2. Behavioral Finance

* 问题详情，请 查看题干

NO.PZ201511190100000307

问题如下：

Which of Tang’s findings is not a typical consequence of self-control bias?

选项：

A.

Failure to explore other portfolio opportunities.

B.

Asset allocation imbalance problems in the portfolio.

C.

A higher risk profile in the portfolio due to pursuit of higher returns.

解释：

A is correct.

Failing to explore other opportunities is a demonstration of status quo bias, not self-control. Self-control bias occurs when individuals deviate from their long-term goals, in this case, the investment policy statement, due to a lack of self-discipline. Jordan is not adhering to the strategy which has been successful in the past. The consequences of self-control bias include accepting too much risk in the portfolio (C) and asset allocation imbalance problems (B) as Jordan attempts to generate higher returns.

a是对，但c说的是她为了追求高return，她持有这个头寸的原因是为了等mean revertion啊，并不是为了追求高return

添加评论
1 个答案

王琛_品职助教 · 2022年12月23日

嗨，从没放弃的小努力你好：


1

其实站在「出题人」角度，这道题就是想考查的是 self-control bias 的结果

所以三个选项中，有两个选项对应其结果；然后再编一个干扰项，对应到其他行为偏差的结果即可

正如解析所说，选项 A 对应的是并不是 self-control bias 的结果，而是 status quo bias 的结果，所以选 A

此时的选项，只是客观描述行为偏差的结果，并不是要和题干背景一一对应

2

选项 B 和选项 C 基本是改写原版书原文哈，也请参考：https://class.pzacademy.com/qa/84517

----------------------------------------------
加油吧，让我们一起遇见更好的自己！

  • 1

    回答

  • 0

    关注

  • 475

    浏览
相关问题

NO.PZ201511190100000307 问题如下 Whiof Tang’s finngs is not a typicconsequenof self-control bias? A.Failure to explore other portfolio opportunities. B.Asset allocation imbalanproblems in the portfolio. C.A higher risk profile in the portfolio e to pursuit of higher returns. A is correct.Failing to explore other opportunities is a monstration of status quo bias, not self-control. Self-control bioccurs when invials viate from their long-term goals, in this case, the investment polistatement, e to a laof self-scipline. Jorn is not aering to the strategy whihbeen successful in the past. The consequences of self-control biinclu accepting too murisk in the portfolio (anasset allocation imbalanproblems (Jorn attempts to generate higher returns. B的不均衡，是因为他会选择给income 的C是缺钱所以需要更多钱追求更高收益。老师 我不是很理解A他不自律不就是会放弃了很多选择吗？选的就是对他短期有里的东西，而放弃了很多长期的选择。

2022-11-29 14:16 1 · 回答

NO.PZ201511190100000307 问题如下 Tiffany Jorn is a hee funmanager with a history of outstanng performance. For the past 10 years, Jorn’s funhuseequity market neutrstrategy (long/short strategy thstrives to eliminate market risk; i.e., beta shoulzero) whihproveto effective a result of Jorn’s harwork. equity market neutrstrategy normally generates large ily trang volume anshifts in invisecurity positions. Jorn’s reputation hgrown over the years her funhconsistently beaten its benchmark. Employee turnover on Jorn’s tehbeen high; she ha tennto quito blame, anrarely gives cret to temembers for success. ring the past twelve months, her funhbeen significantly unrperforming against its benchmark.One of Jorn’s junior analysts, Jeremy Tang, is concerneabout the unrperformanannotes the following:Observation 1: Certain positions are significantly unr water, have muhigher risk profiles, anhave been helfor mulonger thnormal.Observation 2: The trang volume of the funhcreasemore th40 percent ring the past year. Observation 3: The portfolio is more concentratein a few sectors thin the past.Tang is worrieththe portfolio min violation of the funs Investment PoliStatement (IPS). Tang brings this to Jorn’s attention ring a regulweekly temeeting. Jorn smisses Tang’s analysis antells the tenot to worry because she knows whshe is ing. Jorn incates thsinshe believes the pricing misalignment will correitself, the portfolio will not able to take aantage of the reversion to the meif she sells certain losing positions. She reassures the teththis strategy hperformewell in the past anththe markets will revert anthe funs returns will return to normlevels.Tang tactfully suggests ththe tereview the funs IPS together, anJorn interrupts him anremin the tethshe hmemorizethe IPS heart. Tang contemplates his next step. He is concernethJorn is splaying behaviorbiases whiare affecting the funs performance. Whiof Tang’s finngs is not a typicconsequenof self-control bias? A.Failure to explore other portfolio opportunities. B.Asset allocation imbalanproblems in the portfolio. C.A higher risk profile in the portfolio e to pursuit of higher returns. A is correct.Failing to explore other opportunities is a monstration of status quo bias, not self-control. Self-control bioccurs when invials viate from their long-term goals, in this case, the investment polistatement, e to a laof self-scipline. Jorn is not aering to the strategy whihbeen successful in the past. The consequences of self-control biinclu accepting too murisk in the portfolio (anasset allocation imbalanproblems (Jorn attempts to generate higher returns. 为什么不选A因为缺乏自我控制力，失去了追求长期目标的机会，不也就是错失其它机会

2022-07-19 10:38 1 · 回答

NO.PZ201511190100000307 Asset allocation imbalanproblems in the portfolio. A higher risk profile in the portfolio e to pursuit of higher returns. A is correct. Failing to explore other opportunities is a monstration of status quo bias, not self-control. Self-control bioccurs when invials viate from their long-term goals, in this case, the investment polistatement, e to a laof self-scipline. Jorn is not aering to the strategy whihbeen successful in the past. The consequences of self-control biinclu accepting too murisk in the portfolio (anasset allocation imbalanproblems (Jorn attempts to generate higher returns.之前学self-control bias的时候，没有关注asset allocation imbalance的问题。这个点要如何理解，和本偏差的内在逻辑关联如何拆解？

2021-09-14 20:55 1 · 回答

Asset allocation imbalanproblems in the portfolio. A higher risk profile in the portfolio e to pursuit of higher returns. A is correct. Failing to explore other opportunities is a monstration of status quo bias, not self-control. Self-control bioccurs when invials viate from their long-term goals, in this case, the investment polistatement, e to a laof self-scipline. Jorn is not aering to the strategy whihbeen successful in the past. The consequences of self-control biinclu accepting too murisk in the portfolio (anasset allocation imbalanproblems (Jorn attempts to generate higher returns.这题的定位是三个observation吗？

2020-11-18 09:15 1 · 回答