Question: FIN 4 4 7 - Final Exam ( Spring 2 0 . . . Help Sove 8 Exit Submit investor purchases shares of an index
FIN Final Exam Spring
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investor purchases shares of an index fund. The investor could take on the same level of risk by taking out a loan and purchasing a herrisk specialty fund. The Sharpe ratio on this complete portfolio is higher than his existing investment. What behavioral concept events the investor from taking out the loan and investing in the index fund?
Multiple Choice
Framing bias
Excessive volatility
Loss aversion
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