请问这里面有endownment bias吗？
根据定义：people value an asset more when they hold rights to it than they do not
问题如下图：
NO.PZ2018091705000060 John Hill, sole owner of JEquipment Leasing Co. (JCH), is evaluating a future sale of his company anapproaches Mary Keller, a wealth aiser, for aice. Hill refers his frien RicharMorrison, the former CEO of Masury Brie anIron (MBI), to Keller to scuss his wealth goals. Keller meets with Morrison angathers the following information: • RicharMorrison is 50 years olanhis spouse, Mereth, is 49 years ol Both are healthy anboth expeto live least aition40 years. • The Morrisons have a 20-year-olson anwoullike to transfer 5% of their wealth to him ring their lifetime. • RicharMorrison retiretwo years ago aninten to spenhis time serving on philanthropic boar; Mereth es not work. • The Morrisons own 2 million shares of MBI, currently value$50 million, representing approximately 90% of their wealth. • Mis a large, publicly tracompany, anthe Morrisons’ position equals approximately 1% of the totmarket capitalization. • The Morrison family pen on vin from Mfor their y-to-y living expenses. • The cost basis of their Mshares is close to zero, anthe capitgains trate is 15%. • RicharMorrison is loyto MBI, follows the stoclosely, believes he knows the company better thother investors, anexpects the company to continue to a gooinvestment in the future just like it hbeen in the past. • The Morrisons’ key objective is to maintain their current stanrof living ring retirement. Explain three emotionbiases thmaffeRicharMorrison’s cision making. A number of emotionbiases cnegatively affethe cision-making of holrs of concentratepositions. Specifically, RicharMorrison’s cision to versify mnegatively affecteloyalty effects, overconfince/familiarity, anstatus quo/naïve extrapolation of past returns. The facts incate thMr. Morrison is extremely loyto M(loyalty effect); he believes he knows the company better thother investors (overconfince/familiarity); anhe expects the company to continue to a gooinvestment it hbeen in the past (status quo/naïve extrapolation of past returns). 老师，RicharMorrison is loyto MBI, follows the stoclosely, believes he knows the company better thother investors, anexpects the company to continue to a gooinvestment in the future just like it hbeen in the past. 这可不可以理解为representative basis呢?
NO.PZ2018091705000060 A number of emotionbiases cnegatively affethe cision-making of holrs of concentratepositions. Specifically, RicharMorrison’s cision to versify mnegatively affecteloyalty effects, overconfince/familiarity, anstatus quo/naïve extrapolation of past returns. The facts incate thMr. Morrison is extremely loyto M(loyalty effect); he believes he knows the company better thother investors (overconfince/familiarity); anhe expects the company to continue to a gooinvestment it hbeen in the past (status quo/naïve extrapolation of past returns). 这个为啥不是halo bias就是那个光环效应？因为他觉得这公司好
NO.PZ2018091705000060 John Hill, sole owner of JEquipment Leasing Co. (JCH), is evaluating a future sale of his company anapproaches Mary Keller, a wealth aiser, for aice. Hill refers his frien RicharMorrison, the former CEO of Masury Brie anIron (MBI), to Keller to scuss his wealth goals. Keller meets with Morrison angathers the following information: • RicharMorrison is 50 years olanhis spouse, Mereth, is 49 years ol Both are healthy anboth expeto live least aition40 years. • The Morrisons have a 20-year-olson anwoullike to transfer 5% of their wealth to him ring their lifetime. • RicharMorrison retiretwo years ago aninten to spenhis time serving on philanthropic boar; Mereth es not work. • The Morrisons own 2 million shares of MBI, currently value$50 million, representing approximately 90% of their wealth. • Mis a large, publicly tracompany, anthe Morrisons’ position equals approximately 1% of the totmarket capitalization. • The Morrison family pen on vin from Mfor their y-to-y living expenses. • The cost basis of their Mshares is close to zero, anthe capitgains trate is 15%. • RicharMorrison is loyto MBI, follows the stoclosely, believes he knows the company better thother investors, anexpects the company to continue to a gooinvestment in the future just like it hbeen in the past. • The Morrisons’ key objective is to maintain their current stanrof living ring retirement. Explain three emotionbiases thmaffeRicharMorrison’s cision making. A number of emotionbiases cnegatively affethe cision-making of holrs of concentratepositions. Specifically, RicharMorrison’s cision to versify mnegatively affecteloyalty effects, overconfince/familiarity, anstatus quo/naïve extrapolation of past returns. The facts incate thMr. Morrison is extremely loyto M(loyalty effect); he believes he knows the company better thother investors (overconfince/familiarity); anhe expects the company to continue to a gooinvestment it hbeen in the past (status quo/naïve extrapolation of past returns). 没有Availability bias吗？因为熟悉MBI所以认为会一直好下去。
NO.PZ2018091705000060 A number of emotionbiases cnegatively affethe cision-making of holrs of concentratepositions. Specifically, RicharMorrison’s cision to versify mnegatively affecteloyalty effects, overconfince/familiarity, anstatus quo/naïve extrapolation of past returns. The facts incate thMr. Morrison is extremely loyto M(loyalty effect); he believes he knows the company better thother investors (overconfince/familiarity); anhe expects the company to continue to a gooinvestment it hbeen in the past (status quo/naïve extrapolation of past returns). 问题如上 感觉这两个概念没怎么见过呢
John Hill, sole owner of JEquipment Leasing Co. (JCH), is evaluating a future sale of his company anapproaches Mary Keller, a wealth aiser, for aice. Hill refers his frien RicharMorrison, the former CEO of Masury Brie anIron (MBI), to Keller to scuss his wealth goals. Keller meets with Morrison angathers the following information: • RicharMorrison is 50 years olanhis spouse, Mereth, is 49 years ol Both are healthy anboth expeto live least aition40 years. • The Morrisons have a 20-year-olson anwoullike to transfer 5% of their wealth to him ring their lifetime. • RicharMorrison retiretwo years ago aninten to spenhis time serving on philanthropic boar; Mereth es not work. • The Morrisons own 2 million shares of MBI, currently value$50 million, representing approximately 90% of their wealth. • Mis a large, publicly tracompany, anthe Morrisons’ position equals approximately 1% of the totmarket capitalization. • The Morrison family pen on vin from Mfor their y-to-y living expenses. • The cost basis of their Mshares is close to zero, anthe capitgains trate is 15%. • RicharMorrison is loyto MBI, follows the stoclosely, believes he knows the company better thother investors, anexpects the company to continue to a gooinvestment in the future just like it hbeen in the past. • The Morrisons’ key objective is to maintain their current stanrof living ring retirement. Explain three emotionbiases thmaffeRicharMorrison’s cision making. A number of emotionbiases cnegatively affethe cision-making of holrs of concentratepositions. Specifically, RicharMorrison’s cision to versify mnegatively affecteloyalty effects, overconfince/familiarity, anstatus quo/naïve extrapolation of past returns. The facts incate thMr. Morrison is extremely loyto M(loyalty effect); he believes he knows the company better thother investors (overconfince/familiarity); anhe expects the company to continue to a gooinvestment it hbeen in the past (status quo/naïve extrapolation of past returns). 请问从哪句可以看出loyalty?
