如果说一个investor hold losses for too long (refuses to sell his loss position) to expect that the losses could be recovered in the future 这里更倾向于是讲loss aversion 还是 regret aversion呢 (我感觉两者都会涉及到)
王琛_品职助教 · 2021年05月17日
嗨,努力学习的PZer你好:
一般涉及行为偏差的题目,都会给一个案例背景哈,综合题目的关键信息后再判断偏差。
如果只是看同学的这一句话,我个人认为是属于 loss aversion,因为这个偏差的结果,第一条和同学的这句话其实是一个意思。
"Hold investments in a loss position longer than justified by fundamental analysis. FMPs hold losing investments in the hope that they will return to break even"
而 regret aversion 一般是会提到情绪,比如 fear, upset 等,比如
"Regret aversion can cause FMPs to hold onto positions too long. They are reluctant to sell because they fear that the position will increase in value and then they will regret having sold it."
历年真题中,2015-11-A 就直接考查了这两个偏差的辨析,经典题也有收录,是 R8 的 1.3 题
建议同学可以先做一下题目,然后再听一下老师的讲解,加油!
----------------------------------------------努力的时光都是限量版,加油!