Published On Dec 13, 2016
Identifying the Emotional and Cognitive errors you need to know for the CFA Level 3 (CFA L3) Exam. Full coverage of Study Session 3, Reading 6 - Individual Behavioral Biases.
Emotional Biases: Loss Aversion, Overconfidence, Self-control bias Endowment Bias, Regret Aversion, Status Quo Bias
Cognitive biases are divided into informational processing errors and belief perseverance errors.
They include:
Conservatism bias, confirmation bias, illusion of control, representativeness bias, hindsight bias, framing bias, anchoring and adjustment, mental accounting, availability bias