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Basic Question 1 of 7
A person who feels that selecting her own lottery ticket number, rather than accepting a machine generated number, increases the likelihood of winning, is exhibiting: A. Confirmation Bias
B. Framing Bias
C. Illusion of Control Bias.
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I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes
Learning Outcome Statements
discuss commonly recognized behavioral biases and their implications for financial decision making
CFA® 2026 Level I Curriculum, Volume 6, Module 5.