Behavioural Finance Bonanza!

Ditto on the top down approach. Went 4-6 too. Does anybody know where that is in the reading?
 
I’m not sure that they use the phrase “top down approach”, but they do say that overconfidence causes people to think that they’ll be good at other stuff as well.
 
I had put BBBABB, I thought the answers made a lot of assumptions.
For instance, the environmentalist guy may not be using representativeness because he simply might be willing to sacrifice returns in to support the environment, etc.
On the third one, I was right for the wrong reasons, which is scary.
Can anyone explain the second one to me, the part about over estimating the impacts of events and how that conclusion could be drawn from the question?
 
3/6 - Damn … I went BBACBB
Can any one tell me why C was wrong for 4th?
 
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