Asset allocation-behavioral bias

嗨，爱思考的PZer你好：

是的，太长我就不复制了哈，同学你get我的意思了，就是这样的。

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虽然现在很辛苦，但努力过的感觉真的很好，加油！

结论+解释+知识点（第三部分知识点时间不充足可以不写），老师你指的知识点是对各bias的定义描述吗？类似下图？基本上是很难有时间写的。。

那我修改下我的答案你看有问题吗？谢谢

Loss aversion：Young has this bias because she places a high priority on retirement security and wants to avoid losing money in any of her three accounts. (She hates loss more than the same amount of return.这句话我来不及写可以不写是吗？)

Illusion of control: No.

Mental accounting:

She has this bias because she have three accounts seperately to meet different goals: 

A tax-deferred retirement account worth $3.0 million, a $500,000 after-tax account designated for her daughters’ education, a $400,000 after-tax account for unexpected needs.

Representativeness bias: No。

Framing bias: No。

Availability bias: She has this bias because her high priority on retirement security and strong preference to avoid losing money is mainly driven by the experience as an orphan at eight and childhood financial hardships.

嗨，从没放弃的小努力你好：

Loss aversion：Emma places a high priority on retirement security and wants to avoid losing money in any of her three accounts. She hates loss more than the same value of return.

Illusion of control: She wants to avoid losing money in any of her three accounts. The market is accompanied with volatility and one cannot avoid any loss if she invests in risky assets.

Mental accounting: She has three accounts to meet different goals: 

a money market account.

TDA account.

after-tax account for her daughters’ education、unexpected needs, and her home.

Representativeness bias: 

Framing bias: 

Availability bias: She aften reminded that she is an orphan at eight who experienced childhood financial hardships, therefore her choice are based on this experience.

同学的答案全都不完整哈，我们答案一般分为三个部分，结论+解释+知识点（第三部分知识点时间不充足可以不写）

同学的答案是解释部分，就是为什么是Loss aversion或者为什么是Availability bias。

加上一句话，即Loss aversion定义就可以了。定义是我们必背里面的句子。

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虽然现在很辛苦，但努力过的感觉真的很好，加油！