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
B.
Overconfidence
C.
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.
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