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WMCP - PRACTICE EXAM 1 QUESTIONS WITH COMPLETE SOLUTIONS !!
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WMCP - PRACTICE EXAM 1 QUESTIONS WITH COMPLETE SOLUTIONS !!
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WMCP - PRACTICE EXAM 1 QUESTIONSWITH COMPLETE SOLUTIONS !!
Expropriation mmrisk mm- mmAnswergovernment mmseizes mmcontrol mmof mmcorporate
mmassets
Bounded mmrationality mmmodel mm- mmAnswercognitive mmlimitations mmaffect mmour
mmability mmto mmmake mmrational mmchoices. mmPeople mmmake mmthe mmbest
mmchoices mmgiven mmtheir mmimperfect mmand mmlimited mmtools mmand mmresources.
Dual-self mmmodel mm- mmAnswerdecisions mmare mmthe mmoutcome mmof mman
mminteraction mmbetween mmyour mmrational, mmlong mmterm mmfocused mmself, mmand
mmyour mmimpulsive, mminstant mmgratification mmfocused mmself mm. mmEx: mmthe
mmclient mmhas mman mmemotional mmresponse mmand mmthe mmadvisor mmappeals mmto
mmthe mmrational mmself mmin mmorder mmto mmmoderate mmthis mmresponse mmin mma
mmmanner mmconsistent mmwith mmthe mmdual-self mmmodel.
cognitive mmbias mm- mmAnsweris mmwhen mmpeople mmdraw mmpersistently mmincorrect
mmconclusions, mmoften mmresulting mmfrom mmusing mman mminappropriate mmrule mmto
mmmake mmdecisions.
Goal mmof mmglide mmpath mmdesign mm- mmAnswerreduce mmwealth mmvolatility mmnear
mmthe mmfunds mmtarget mmdate
Formula mmfor mmexpected mmSocial mmsecurity mmbenefits mmto mmbe mmreceived mm-
mmAnsweraverage mmlife mmexpectancy mmx mmmonthly mmbenefit mmx mm12
Prospect mmtheory mmsuggests mm- mmAnswerthat mmwhen mminvestors mmexperience
mma mmloss, mmthey mmwill mmseek mmgreater mmrisk mmin mmorder mmto mmreturn mmto
mma mmpositive mmreturn mmfrom mma mmreference mmpoint. mm
They mmwill mmbe mmrisk mmaverse mmin mmgains, mmbut mmrisk mmseeking mmin
mmlosses.
E.g. mmtake mmgreater mmrisk mmafter mmexperiencing mma mmloss
Three mmVs mm- mmAnswerVision- mmhelp mmthem mmhave mma mmclear mmand
mmcompelling mmvision mmof mmfuture mmgoals
Velocity mm- mmhelp mmvelocity mmby mmbreaking mmgoals mminto mmsmaller mmchunks
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