^&* 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  book-img-for-question

Fundamentals Of Investments Valuation And Management

ISBN: 9781260013979

9th Edition

Authors: Bradford Jordan, Thomas Miller, Steve Dolvin

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