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Basic Question 3 of 7
A(n) ______ occurs when a person with a narrow range of experience uses too narrow a frame of reference based upon that experience when making an estimate. A. conservatism bias
B. availability bias
C. framing bias
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I just wanted to share the good news that I passed CFA Level I!!! Thank you for your help - I think the online question bank helped cut the clutter and made a positive difference.
Edward Liu
Learning Outcome Statements
discuss commonly recognized behavioral biases and their implications for financial decision making
CFA® 2025 Level I Curriculum, Volume 6, Module 5.