INVESTMENTS(LL)W/CONNECT
INVESTMENTS(LL)W/CONNECT
11th Edition
ISBN: 9781260433920
Author: Bodie
Publisher: McGraw-Hill Publishing Co.
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Chapter 12, Problem 3PS
Summary Introduction

To determine: The kinds of factors limit the investor’s ability for taking advantages.

Introduction: Behavioral biases include both cognitive and emotional biases. According to prospect theory, the information that processes with an irrational way has more effect upon the losses than the gains.

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