Flashcard Set Preview
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| 1 |
Status quo bias refers to
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DC plan participants’ tendency to make an
original allocation and not change it.
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| 2 |
Myopic loss aversion refers to
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investors’ focus on short-term
performance and their aversion to losses.
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| 3 |
1/n diversification means
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plan participants allocate equal amounts to the n
investment alternatives.
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| 4 |
The endorsement effect refers to
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the misconception by plan participants that,
by providing a list of investment alternatives,...
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