NO.PZ201511200300003102
问题如下：
Based on Açor’s notes from her previous meeting with Njau, the behavioral consideration exhibited by Njau is most likely:
选项：
A.a consumption gap.
B.the “annuity puzzle.”
C. heightened loss aversion.
解释：
B is correct. The “annuity puzzle” describes the phenomenon that retirees tend to avoid annuity investments, which may be appropriate to best help them reach their financial goals. An annuity provides a series of fixed payments, either for life or for a specified period, in exchange for a lump sum payment. Njau’s reluctance to lose control over her assets by paying the lump sum in exchange for the fixed payments is one explanation for her reluctance, and she may also believe that an annuity would minimize the chance of a substantial improvement in her lifestyle.
1、consumption gap 是什么意思？
2、“Njau would like to increase her level of spending if supported by investment projections.”这个是在说behavior finance里面的halo effect 么？和这道题的关系是？
3、“ Although Njau could pay a lump sum and receive a series of fixed payments, she prefers not to lose control over her assets.”这句话重点是他可以买年金但prefer其他的，所以不是annuity 陷阱？
