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Melodyxie · 2019年11月21日

问一道题:NO.PZ201805280100000205

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问题如下:

During the rebalancing discussion, which behavioral bias does Neal exhibit?

选项:

A.

Framing bias

B.

Loss aversion

C.

Representative bias

解释:

C is correct.

Representative, or recency, bias is the tendency to overweight the importance of the most recent observations and information relative to a longer- dated or more comprehensive set of long- term observations and information. Return chasing is a common result of this bias, and it results in over-weighting asset classes with strong recent performance.

这个不应该是overconfidence bias吗?representative bias 最核心的是什么呢?

1 个答案

Shimin_CPA税法主讲、CFA教研 · 2019年11月21日

嗨,爱思考的PZer你好:


在AA中,representative bias (recency bias)是过分的强调了最近发生的事情的重要性。近三年的equity return是年化的20%,所以这个人是认为这个趋势会继续。当然他有overconfidence bias,不听劝,盲目自信,只是选项中没有。


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就算太阳没有迎着我们而来,我们正在朝着它而去,加油!


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