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Basic Question 0 of 24
An investor is asked to choose between:
A. An assured loss of $400
B. A 50% chance of losing $1,000 and a 50% chance of losing nothing
The investor chooses option B.
It's likely the investor is exhibiting: A. no bias
B. loss-aversion bias
C. over-confidence bias
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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
discuss commonly recognized behavioral biases and their implications for financial decision making
CFA® 2026 Level I Curriculum, Volume 6, Module 5.