Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 10 Not yet answered Marked out of 1.00 Flag question Behavioral Finances states that people tend to make the same investment mistakes over and

image text in transcribed
Question 10 Not yet answered Marked out of 1.00 Flag question Behavioral Finances states that people tend to make the same investment mistakes over and over again. According to Behavioral Finance, why don't people learn from their mistakes and correct them? O a. Because sophisticated investors conspire to to trick people into believing that they're making the right investment decisions O b. Because people realize that their mistakes are uncorrelated and therefore they don't need to act on correcting them O c. Behavioral Finance does not provide explanation for that O d. Because human brain always tries to use shortcuts for making investment decisions, and hence it's hard for investors to realize their mistakes and act on correcting them

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cases in Financial Reporting

Authors: Michael J. Sandretto

1st edition

538476796, 978-0538476799

More Books

Students also viewed these Finance questions

Question

What are the six steps in developing a financial plan?

Answered: 1 week ago

Question

Write out the terms of the series and then evaluate it. (k + 1)

Answered: 1 week ago