问题如下:
Jung concludes that Corbett’s dominant behavioral biases are loss aversion bias and overconfidence bias. In addition, he determines she has a low probability of outliving her assets due to her significant wealth and modest lifestyle.
Recommend, assuming Jung’s bias conclusion is correct, whether he should moderate or adapt to Corbett’s behavioral biases.
选项:
A.Adapt
B.Moderate
C.Neither
解释:
A is correct.
He should adapt to Corbett’s behavioral biases
Reason 1: Corbett’s dominant behavioral biases are emotional which are more difficult to moderate, correct, or educate. Thus, it would be more appropriate to adapt her portfolio to her biases.
Reason 2. Corbett has a high level of wealth relative to her level of spending (low standard of living risk). Adapting her portfolio to her biases would not materially increase the likelihood of outliving her assets. A deviation from the optimal or ideal portfolio can be allowed because greater downside risk or lower returns can be tolerated.
请问题目中adapt to和课件中的moderate翻译过来是什么意思?具体是指什么样的做法?是改变投资组合的意思吗?对比来看education就是试图改变投资者?