^&* 7. Behavioral Finance Concepts (LO1, CFA5) When companies changed the structure of 401(k) plans to allow
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^&* 7. Behavioral Finance Concepts (LO1, CFA5) When companies changed the structure of 401(k)
plans to allow employees to opt out rather than in, the participation rates significantly increased.
This is an example of:
a. Representativeness.
b. The house money effect.
c. Frame dependence.
d. A heuristic.
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Related Book For
Fundamentals Of Investments Valuation And Management
ISBN: 9781260013979
9th Edition
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
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