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欢欢 · 2021年12月22日

Home biass算是endowment bias吗?以及动量momentum的那个解析没太看懂,动量可以理解为延迟做改变或者不改变吗?

NO.PZ2018101901000023

问题如下:

Momentum, can be partly explained by the following behavioral biases except:

选项:

A.

availability.

B.

home bias.

C.

regret.

解释:

B is correct.

Home bias refers to FMPs preferentially investing in domestic securities, likely reflecting perceived relative informational advantages, a greater feeling of comfort with the access to company executives that proximity brings (either personal or through a local brokerage), or a psychological desire to invest in a local community. Momentum, on the other hand, has been documented in a range of markets around the world, in a time-dependent manner, and reflects some FMPs’ availability bias, manifested as a belief that stocks will continue to rise because recently they have only risen, as well as regret aversion by those who invest in past winners because they regret not investing in them in the past.

如题。。。。。。。。。。。。。

1 个答案

Kiko_品职助教 · 2021年12月23日

嗨,努力学习的PZer你好:


不是。分开记忆就好。home bias就是更偏好于自己国家的股票,因为对自己国家毕竟更了解,会觉得更容易掌控。endowment bias就是对继承来的或者自己购买的股票给予一个附加值,觉得自己手里的就是好的。

关于momentum的解析其实就是讲义上这段话的意思。强化班讲义P22页,对应视频2倍速下5:18分开始。同学可以去听一下,听完有疑问欢迎讨论。

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