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恩熙essie · 2020年01月28日

问一道题:NO.PZ2018091702000037

问题如下:

Jung concludes that Corbett’s dominant behavioral biases are loss aversion bias and overconfidence bias. In addition, he determines she has a low probability of outliving her assets due to her significant wealth and modest lifestyle.

Recommend, assuming Jung’s bias conclusion is correct, whether he should moderate or adapt to Corbett’s behavioral biases.

选项:

A.

Adapt

B.

Moderate

C.

Neither

解释:

A is correct.

He should adapt to Corbett’s behavioral biases

Reason 1: Corbett’s dominant behavioral biases are emotional which are more difficult to moderate, correct, or educate. Thus, it would be more appropriate to adapt her portfolio to her biases.

Reason 2. Corbett has a high level of wealth relative to her level of spending (low standard of living risk). Adapting her portfolio to her biases would not materially increase the likelihood of outliving her assets. A deviation from the optimal or ideal portfolio can be allowed because greater downside risk or lower returns can be tolerated.

请问题目中adapt to和课件中的moderate翻译过来是什么意思?具体是指什么样的做法?是改变投资组合的意思吗?对比来看education就是试图改变投资者?

1 个答案
已采纳答案

企鹅_品职助教 · 2020年02月04日

嗨,努力学习的PZer你好:


moderate a bias指的是减轻偏差,通过教育投资者使他们改变不适当的投资策略(比如教育投资者不要用大量杠杆,或者要多增加分散化),也就是同学你说的“试图改变投资者”,通常是对主要偏差类型为cognitive bias的投资者

adapt to a bias指的是适应偏差,通常是对主要偏差类型为emotional bias的投资者


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虽然现在很辛苦,但努力过的感觉真的很好,加油!