- CFA Exams
- CFA Exam: Level I 2021
- Study Session 1. Ethical and Professional Standards
- Reading 1. Ethics and Trust in the Investment Profession
- Subject 3. Challenges to Ethical Conduct
CFA Practice Question
Which challenge tends to lead us to place too much importance on internal traits and intrinsic motivations?
A. The overconfidence bias
B. Large financial rewards
C. Loyalty to colleagues
Explanation: People's irrational overconfidence applies to the belief in ethical correctness of their acts and judgments.
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