Why should I choose AnalystNotes?
AnalystNotes specializes in helping candidates pass. Period.
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.
User Contributed Comments 0
You need to log in first to add your comment.
I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
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.