AAFM Chartered Wealth Manager (CWM) Certification Level II Examination CWM_LEVEL_2 Question # 128 Topic 13 Discussion

AAFM Chartered Wealth Manager (CWM) Certification Level II Examination CWM_LEVEL_2 Question # 128 Topic 13 Discussion

CWM_LEVEL_2 Exam Topic 13 Question 128 Discussion:
Question #: 128
Topic #: 13

Section A (1 Mark)

A cognitive heuristic in which decisions are made based on how representative a given individual case appears to be independent of other information about its actual likelihood. We tend to think that trends we observe are likely to continue. Which of the following is most likely consistent with this bias?


A.

Anchoring and Adjustment Bias


B.

mental accounting


C.

Representativeness Bias


D.

hindsight bias


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