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Basic Question 5 of 5
An investor is asked to choose between:
A. An assured loss of $400
B. A 50% chance of losing $1,000 and a 50% chance of losing nothing
The investor chooses option B.
It's likely the investor is exhibiting: A. no bias
B. loss-aversion bias
C. over-confidence bias
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Martin Rockenfeldt
Learning Outcome Statements
describe behavioral finance and its potential relevance to understanding market anomalies
CFA® 2025 Level I Curriculum, Volume 3, Module 3.