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Basic Question 2 of 3
What is TRUE about Bubbles and Crashes?
II. Self-attribution bias is often evident in a quickly rising market.
III. When a bubble bursts, markets may underreact due to anchoring.
I. Excessive trading and overconfidence contribute to a bubble.
II. Self-attribution bias is often evident in a quickly rising market.
III. When a bubble bursts, markets may underreact due to anchoring.
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I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes
Learning Outcome Statements
describe how behavioral biases of investors can lead to market characteristics that may not be explained by traditional finance
CFA® 2025 Level I Curriculum, Volume 6, Module 5.