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wjzhyt · 2020年03月19日

问一道题:NO.PZ201511190100000302

* 问题详情,请 查看题干

问题如下:

Which of Tang’s observations is least likely to be the consequence of Jordan demonstrating loss-aversion bias?

选项:

A.

Observation 1.

B.

Observation 2.

C.

Observation 3.

解释:

C is correct.

Loss aversion by itself may cause a sector concentration; however, a market neutral strategy tends to focus on individual stocks without regard to the sector. The sector exposure would be mitigated with the balancing of the individual long and short positions.

我有一个疑问loss aversion会造成交易量下降。

但在这里No.PZ2018091702000002关于client 3 的 loss aversion 说 涨25卖,跌15卖,在这种情况下交易量不会变

这里两道题是不是有冲突

但考试直接按题目匹配知识点答题就行了吧?

1 个答案

Olive_品职助教 · 2020年03月19日

嗨,从没放弃的小努力你好:


PZ2018091702000002 和这道题角度不同,说的不是一件事。这道题说交易量会降低,是因为这道题是underperformance,这种情况下loss aversion会导致人更不愿意卖掉损失资产实现损失,非要等到涨了或者回本了才卖,现实中有很多这样的人,这就是loss aversion的一个典型特点。PZ2018091702000002这道题是站在事前的角度,Client 3对待价格上涨和下跌的态度是不对称的,他给自己定的投资规则是上涨到15%或下跌到10%卖出,这道题的关键词在于非对称,这也是loss aversion的一个特点,我没有读取出“ 在这种情况下交易量不会变 ”这个信息,我们要尽量基于题目所给的信息解题,不要脑补其他条件。所以这两道题针对的是loss aversion的不同特点,并没有什么冲突哦。


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wjzhyt · 2020年03月19日

打错了,原来相输入的是在这种情况下交易量会不会变,理解了谢谢

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