Joe is an investment advisor who works mainly with retired couples. He looks for investment alternatives...
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Joe is an investment advisor who works mainly with retired couples. He looks for investment alternatives that provides diversification, low management fees and maintains capital. He was impressed with the peformance of two ETFS that he chose for one of his clients a few year ago....during low inflation. Despite the fact that we are entering a time of higher inflation, Joe is now recommending this ETF to many of his clients. What bias is influencing him? Joe is an investment advisor who works mainly with retired couples. He looks for investment alternatives that provides diversification, low management fees and maintains capital. He was impressed with the peformance of two ETFS that he chose for one of his clients a few year ago....during low inflation. Despite the fact that we are entering a time of higher inflation, Joe is now recommending this ETF to many of his clients. What bias is influencing him?
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Answer rating: 100% (QA)
Joes recommendation of WETES to multiple clients despite entering a highinflation period could be influenced by several cognitive biases Anchoring Bia... View the full answer
Related Book For
Financial Accounting and Reporting a Global Perspective
ISBN: 978-1408076866
4th edition
Authors: Michel Lebas, Herve Stolowy, Yuan Ding
Posted Date:
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