NO.PZ201805280100000205
问题如下:
During the rebalancing discussion, which behavioral bias does Neal exhibit?
选项:
A.Framing bias
B.Loss aversion
C.Representative bias
解释:
C is correct.
Representative, or recency, bias is the tendency to overweight the importance of the most recent observations and information relative to a longer- dated or more comprehensive set of long- term observations and information. Return chasing is a common result of this bias, and it results in over-weighting asset classes with strong recent performance.
考点:Dealing with Behavioral Biases in Asset Allocation
解析:Representative bias在asset allocation这门科目中又被称为recency bias。指的是过分强调最近发生事件的重要性,忽略早起发生的重要事件或者信息,Neal不愿意卖掉股票是因为股票近期表现优异,他认为过去涨将来还会涨,因此表现出的最有可能是Representative bias。
选项1可以帮忙解释下吗