Fundamentals of Corporate Finance, 12e (Ross)
Chapter 22 Behavioral Finance: Implications for Financial Management
1) Nadine made a business decision that turned out badly. In reflecting upon her decision, she decided it was a reasoning error that led to the faulty decision. Which one of the following areas of study best applies to this situation?
A) Corporate ethics
B) Financial statement analysis
C) Managerial finance
D) Debt management
E) Behavioral finance威玛罗伊斯
2) Peter has successfully managed the finances of A.D. Leadbetter in a manner that has
yielded abnormally high returns. Due to this success, Peter has decided to publish a newsletter for financial executives so that he can share his superior financial wisdom with others. There is a very real probability that Peter has which one of the following characteristics?
A) Gambler's fallacy
B) Frame dependence
origin是什么意思C) Overconfidence
D) Reprentativeness heuristic
E) Sentiment-bad risk attitudes
3) Jeremy believes he excels at picking stock winners and thus trades frequently. Which characteristic does he most likely reprent?
A) Confirmation bias
B) Frame dependence
C) Overconfidence
训诫是什么意思D) Reprentativeness heuristic
E) Break-even effect
wear是什么意思4) Anytime Ted analyzes a propod project, he always assigns a much higher probability of success to the project than is warranted by the information he has gathered. Ted suffers from which one of the following?
A) Frame dependence
B) Mental accounting
C) Endowment effect发誓的英文
D) Confirmation bias
E) Overoptimismcursorlocation
5) The tendency for a decision maker to arch for reassurance that a recent decision he or she made was a good decision reprents which one of the following characteristics?
A) Overconfidence
B) Overoptimism
C) Affect heuristic
D) Confirmation bias
E) Reprentativeness heuristic
6) Which one of the following best illustrates an error which you, as a project manager, might make due to confirmation bias?
A) Overestimating the best outcome expected from a project while underestimating the possibility of a less favorable outcome
B) Assuming that a new project will be profitable since similar projects in the past were successful
C) Assuming that your expectations of the future outcome from a project are more accurate than the expectations of others within your organization
D) Listening to the advice of subordinates with whom you agree while ignoring the advice of subordinates with whom you tend to disagree谷歌翻译网页
the saturdayE) Downplaying the cost of future failure of an existing project since the project has already paid for itlf
7) Assume you are an overconfident manager. You are most apt to do which one of the following more so than you would if you were not overconfident?
A) Rearch a project more thoroughly before committing funds to commence it
B) Accept risky projects that turn out to be less profitable than you expected
C) Wait until new technology proves its worth before incorporating it into your firm's operations
D) Avoid mergers and acquisitions
E) Invest excess company cash more conrvatively than your peers at other firms
8) Marzella Corp. is analyzing a project that involves expanding the firm into a new product line. The project's financial projections will tend to have which one of the following characteristics if the person compiling tho projections suffers from overoptimism?
A) Overestimated construction costsfloorfiller歌词
B) Overestimated expens
C) Overestimated net prent values
D) Underestimated profits
E) Underestimated sales estimates
9) Alice believes she can accurately forecast the future and makes business decisions bad on this belief. Which characteristics does this belief reprent?
A) Overconfidence
B) Overoptimism
C) Affect heuristic
D) Confirmation bias
E) Reprentativeness heuristic
sogu10) Kate tends to hold onto asts that have lost value in the hope that their values will increa in the future. Kate illustrates which one of the following?
A) Frame dependence
B) Self-attribution bias
C) Gambler's fallacy
D) Break-even effect
E) Regret aversion
11) Which one of the following refers to the fact that an individual may reply differently if a question is asked in an equivalent but different manner?
A) Loss aversion
