问题如下：
The behavior that one institutional investor who believes his internal resources give him an edge over other investors in active security selection and the selection of active investment managers is best described as:
选项：
A.
Recency bias.
B.
Mental Accounting.
C.
Illusion of control.
解释：
C is correct.
考点：Dealing with Behavioral Biases in Asset Allocation
解析：Illusion of control-- 人们会错误地高估自己对某件事的掌控能力。例如题干所说，某个机构投资者认为他有内部资源，所以他觉得在股票的主动选择和主动管理的基金经理上有更好的判断，但事实上，他错误地高估了自己的掌控能力，这种偏差属于Illusion of control。
recency bias是什么
