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Yuyu · 2022年09月19日

如果行为随着年纪变化了 Investor type会不会变呢

NO.PZ2022052301000001

问题如下:

Owen’s next meeting is with George Bailey, an entrepreneur and self-made millionaire. Owen and Yang talk prior to the meeting and he makes the following observations: Bailey is independent, strong willed, quick to make decisions, and extremely confident. Historically his portfolio has had a high turnover rate and he has tended to chase higher risk investments. He is also very “hands on.” Bailey’s youngest child is expected to graduate from university in the next couple of years and he has become increasingly more emotional about his investments. Yang questions if Owen has ever considered a behaviorally modified portfolio for Bailey, even though he demonstrates some of the shortcoming of classifying investors into personality types.

Based on Owen’s observations, which of the following would least likely limit the applicability of behavioral models to Bailey?

选项:

A.

Displaying characteristics of multiple investor types.

B.

Both cognitive and emotional biases.

C.

Behavioral changes as he ages.

解释:

Bailey is not exhibiting characteristics of multiple investor types. He is only exhibiting the investor characteristics associated with an Active Accumulator (AA) that include both cognitive and emotional biases. His in also exhibiting behavioral changes as he is aging as he has become more emotional about his investment portfolio.

如题。如果行为发生变化,investor type不会变吗?如果变了的话,不也会影响到model的使用?

1 个答案
已采纳答案

王琛_品职助教 · 2022年09月20日

嗨,努力学习的PZer你好:


1

随着年岁增长,投资者的「行为」会发生变化,比如对「风险的承受能力」在逐渐降低

而 BIT 四种类型的分类依据之一,就是风险承受能力,即不同的投资者分类,风险承受能力是不同的

所以选项 C 所说的:随着年长,行为会发生改变,确实属于投资者分类的限制,在题干当中也有关键词体现

2

题目问的是,三个选项所对应的限制,哪个限制在题干当中「没有」体现

因为 Bailey 的投资者分类就是 AA,所以并没有体现出多个投资者分类,所以才选的 C

关于选项 B 和 C 的分析,也请参考:https://class.pzacademy.com/qa/99250

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