20. The behavioral bias that was identified in a CFA Institute survey as the most widely occurring is _______________. Group of answer choices a. Loss aversion b. Over-confidence c. Anchoring d. Herding
The Behaviour bias that was identified by CFA Institute Survey was D) Herding which occurred widely.
a) Loss Aversion is not correct since it is an opposite to the behaviour that most people have.
b) Achoring is to estimate the Price which is not all people usual behaiour
c) And Over Confidence means people tend to overestimate their sill and capabilities and lose fortunes .
But compared to all the above factors CFA Institute Survey states that Herding is very prominent.
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