Examlex
If a portfolio manager had to estimate the fair value of illiquid mortgage-backed securities,which of the following would he/she most likely identify as the level of inputs to determine this?
Representativeness Heuristic
A cognitive shortcut that involves making judgments based on how well something matches or represents a particular prototype.
Overconfidence
The tendency to be more confident in one's own abilities or outcomes than is objectively justified.
Availability Heuristic
A mental shortcut that relies on immediate examples that come to a person’s mind when evaluating a specific topic, concept, method, or decision.
Representativeness Heuristic
A cognitive shortcut used in decision-making that involves judging the likelihood of an event based on how closely it matches a prototype or stereotype.
Q2: All of the following are common industry
Q12: Common shareholders benefit with increasing proportions of
Q21: Following is the shareholders' equity section
Q47: Statements that express all items in a
Q48: Bragdon Company is consistently profitable.Its normal
Q62: The Orbus Company has a 30,000 unrealized
Q113: Suppose the country of Atlantica imposes a
Q116: If the Fed lowers the federal funds
Q167: The infant-industry argument is the only perfectly
Q167: Long-term interest rates fluctuate more than short-term