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burnwood · 2024年08月22日

老师在总结里不是说available也会造成分散化不足吗

NO.PZ2018100501000015

问题如下:

Under-diversified portfolios are a potential implication of which of the following behavioral biases?

选项:

A.Representativeness B.

Illusion of control

C.

Available

解释:

Under-diversified portfolios are a consequence of both illusion of control and confirmation biases. Researchers have found that some investors prefer to invest in companies that they feel they have control over, such as the companies they work for, leading them to hold concentrated positions. Confirmation bias may lead to FMPs ignoring negative news, paying attention only to information confirming that a company is a good investment, which may result in large positions.

Representativeness and available bias is not typically associated with under-diversified portfolios.

老师在总结里不是说available也会造成分散化不足吗

1 个答案

Kiko_品职助教 · 2024年08月22日

嗨,努力学习的PZer你好:


这道题选一个最明显的吧。其实导致分散化不足的bias不少,要是硬说 可能每个bias都能沾点边。所以就选最明显的。这道题B选项的illusion of control 控制错觉这是最明显的。一些投资者倾向于投资他们认为自己能够掌控的公司,比如他们所工作的公司,这导致他们持有集中的头寸。还有就是解析里面说的confirmation bias确认偏差,确认偏差可能导致FMPs忽略负面消息,只关注证实某家公司是良好投资的信息,这可能导致大量持仓。

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虽然现在很辛苦,但努力过的感觉真的很好,加油!

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