High social status

Protection from poverty

All of these

Question $2$

$\frac{1}{1}$ pts

Which of the following is not true regarding Behavioral Portfolio Theory $($BPT$)?$

Investors have many risk aversions, one for each mental account.

Investors measure risk by the variance of returns.

$$ Portfolios on the behavioral wants frontier satisfy wants for utilitarian benefits. but also for expressive and emotional benefits.

Investors are risk averse, where risk is measured by the probability of shorttall from a goal, the amount of shortfall, or a combination of both.

$$ Investors consider portfolios as layered pyramids, in which each layer is a mental account.

Question $3$

$\frac{1}{1}$ pts