Mutual fund companies tend to hire new fund managers after the candidate has had large positive excess
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Question:
Mutual fund companies tend to hire new fund managers after the candidate has had large positive excess returns at their prior job for about three years. If hiring recently high performers is the result of a local representativeness heuristic on the part of the hiring manager. What is the expectation about the performance of the manager after being hired.
A.) The manager's expected excess returns is zero to slightly negative
B.) The manager's expected excess returns is highly positive
C.) The manager's expected excess returns is extremely negative
Related Book For
International Marketing And Export Management
ISBN: 9781292016924
8th Edition
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
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