Mike Is a Stock Broker and fiNancial Planner

question 74

Multiple Choice

Mike is a stock broker and financial planner. Phil is one of Mike's clients. Phil prefers to meet with Mike just once a year to review his investment portfolio. At their most recent meeting, Phil stated he
Believes the stock market is going to decline in value over the next six months. Thus, Phil instructed
Mike to sell every stock he owns that is currently worth more than what he paid to purchase it. Phil
Also instructed Mike to retain any stock that would create a capital loss if sold. Phil is displaying the
Behavior known as:

• A) Over-confidence.
• B) Arbitrage theory.
• C) The disposition effect.
• D) The house money effect.
• E) A confirmation bias.

Comprehend the overall effects of global warming on ecosystems and species.

Describe the status and management strategies for endangered species.

Understand the techniques used for the conservation of endangered species.

Understand the principles and practices of restoration ecology.

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Definitions:

CS And US

In classical conditioning, CS stands for conditioned stimulus and US stands for unconditioned stimulus.

Latent Learning

The process by which something is learned but not immediately expressed or noticeable until a later time.

Associative Learning

A learning process by which a subject links two stimuli or a behavior and a consequence.

Operant Conditioning

A learning principle where behaviors are modified by the consequences that follow them, with rewards increasing desired actions and punishments reducing their occurrence.