NO.PZ201511190100000101
问题如下:
Which of the following statements is most consistent with expected utility theory?
选项:
A.Statement 1.
B.Statement 2.
C.Statement 3.
解释:
C is correct.
Statement 3 is most consistent with expected utility theory. The client exhibits self-control and is able to defer consumption. This client is considering short-term and long-term goals and attempting to maximize the present value of utility. In Statement 1, beliefs are being updated using heuristics rather than Bayes’ formula. Statement 2 is consistent with prospect theory; the client is overweighting the probability of a high financial impact outcome (gains on options) and underweighting the probability of a loss (the option premium cost).
expected utility theory. 是traditional finance 的理论吧,这个C 说明他有selfcontrol 不是说明他考虑了 behavior嘛?
不太明白从哪个角度理解这个题。