- 1、本文档共31页,可阅读全部内容。
- 2、原创力文档(book118)网站文档一经付费(服务费),不意味着购买了该文档的版权,仅供个人/单位学习、研究之用,不得用于商业用途,未经授权,严禁复制、发行、汇编、翻译或者网络传播等,侵权必究。
- 3、本站所有内容均由合作方或网友上传,本站不对文档的完整性、权威性及其观点立场正确性做任何保证或承诺!文档内容仅供研究参考,付费前请自行鉴别。如您付费,意味着您自己接受本站规则且自行承担风险,本站不退款、不进行额外附加服务;查看《如何避免下载的几个坑》。如果您已付费下载过本站文档,您可以点击 这里二次下载。
- 4、如文档侵犯商业秘密、侵犯著作权、侵犯人身权等,请点击“版权申诉”(推荐),也可以打举报电话:400-050-0827(电话支持时间:9:00-18:30)。
查看更多
Chapter 12 Behavioral Finance and Technical Analysis
Multiple Choice Questions
1. Conventional theories presume that investors ____________ and behavioral finance
presumes that they ____________.
A) are irrational; are irrational
B) are rational; may not be rational
C) are rational; are rational
D) may not be rational; may not be rational
E) may not be rational; are rational
Answer: B Difficulty: Easy
2. The premise of behavioral finance is that
A) conventional financial theory ignores how real people make decisions and that
people make a difference.
B) conventional financial theory considers how emotional people make decisions but
the market is driven by rational utility maximizing investors.
C) conventional financial theory should ignore how the average person makes
decisions because the market is driven by investors that are much more
sophisticated than the average person.
D) B and C
E) none of the above
Answer: A Difficulty: Easy
3. Some economists believe that the anomalies literature is consistent with investors'
____________ and ____________.
A) ability to always process information correctly and therefore they infer correct
probability distributions about future rates of return; given a probability distribution
of returns, they always make consistent and optimal decisions
B) inability to always process information correctly and therefore they infer incorrect
probability distributions about future rates of return; given a probability distribution
of returns, they always make consistent and optimal decisions
C) ability to always process information correctly and therefore they infer correct
probability distributions about future rates of return; given a probability distribution
of returns, they often make inconsistent or suboptimal decisions
D) inability to always process information correctly and therefore they infer incorrect
probability distributions about future r
文档评论(0)