【每日一练】CFA 一级（2015年）

Question：

The behavioral bias in which investors tend to avoid realizing losses but rather seek to realize gains  is best described as: 
A. the gambler’s fallacy.
B. the disposition effect. 
C. mental accounting. 

Answer = B 
Behavioral biases in which investors tend to avoid realizing losses but, rather, seek to realize gains is  the disposition effect.

CFA Level I
“Market Efficiency,” by W. Sean Cleary, Howard J. Atkinson, and Pamela Peterson Drake
Section 5.3
 

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