- CFA Exams
- CFA Level I Exam
- Topic 4. Financial Statement Analysis
- Learning Module 12. Introduction to Financial Statement Modeling
- Subject 2. Behavioral Finance and Analyst Forecasts
CFA Practice Question
Analysts believe that forecasts can be rendered more accurate in two ways: by acquiring more information and opinions from experts and by creating more granular and complex models. This is likely an example of ______ bias.
B. illusion of control
C. conservatism
A. over-confidence
B. illusion of control
C. conservatism
Correct Answer: B
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