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Basic Question 0 of 8
What is TRUE about Bubbles and Crashes?
II. Self-attribution bias is often evident in a quickly rising market.
III. When a bubble bursts, markets may underreact due to anchoring.
I. Excessive trading and overconfidence contribute to a bubble.
II. Self-attribution bias is often evident in a quickly rising market.
III. When a bubble bursts, markets may underreact due to anchoring.
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I was very pleased with your notes and question bank. I especially like the mock exams because it helped to pull everything together.
Martin Rockenfeldt
Learning Outcome Statements
describe how behavioral biases of investors can lead to market characteristics that may not be explained by traditional finance
CFA® 2025 Level I Curriculum, Volume 6, Module 5.