The Behavioral Biases of Individuals sample question
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CFA Level I sample question
CFA Level I The Behavioral Biases of Individuals question
Portfolio Management
The Behavioral Biases of Individuals
Analyst Johan Berg set a target price of 60 for a stock. After the company issues materially weaker forward guidance, he lowers his target only to 58, staying near his original figure despite the significance of the new information. Berg's behavior is most consistent with:
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