In the Adapting to Change Box, Inaccuracies in Robo-Advisor Algorithms

question 325

True/False

In the Adapting to Change box, inaccuracies in robo-advisor algorithms have led more investors back to traditional financial advisors.

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Definitions:

Just-World Phenomenon

The tendency for people to believe the world is just and that people therefore get what they deserve and deserve what they get.

Ingroup Bias

The tendency to favor our own group.

Stereotyping

A cognitive process where individuals generalize attributes, characteristics, and behaviors to members of a particular group.

Prejudice

A preconceived opinion that is not based on reason or actual experience.