NO.PZ2018101901000022
问题如下：
Investment managers incentivized or accountable for short-term performance by current and prospective clients is a potentially rational explanation for which of the following?
选项：
A.Home bias
Bubbles
Value stocks outperforming growth stocks
解释：
B is correct.
Investment managers’ incentives—or perhaps more accurately, their perception of their incentives—for short-term performance were named as considerations in the technology and real estate bubbles. Not participating in the bubble presented certain FMPs with commercial or career risk.
1. 为什么是投资经理激励客户的短期表现？不是应该客户给予投资经理激励吗？
2. 这和bubbles有什么关系？为什么不参与bubbles fmp们就会有职业风险？
