Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 30 Jul 2017 My Price 4.00

investment adviser,

4.   During an interview with her investment adviser, a retired investor made the following two statements:

a.   “I have been very pleased with the returns I’ve earned on Petrie stock over the past 2 years and I am certain that it will be a superior performer in the future.”

b.   “I am pleased with the returns from the Petrie stock because I have specific uses for that money. For that reason, I certainly want my retirement fund to continue owning the Petrie stock.”

Identify which principle of behavioral finance is most consistent with each of the investor’s two statements.

Answers

Maurice Tutor
(5)
Status NEW Posted 30 Jul 2017 04:07 PM My Price 4.00

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