these were terminated. Although the funds are charging relatively high fees with various fee structures, their X% targets are set below the prevailing long-term market total returns. Due to the unique
representativeness bias in performance presentation, investors might be subject to framing bias and loss aversion when interpreting the product values. Loss aversion Target/expected/guaranteed return at 8% in 8
funds Insurance Low Middle High 0 1 2 3 4 5 6 7 25 -2 7 28 -3 0 31 -3 3 34 -3 6 37 -3 9 40 -4 2 43 -4 5 46 -4 8 49 -5 1 52 -5 4 55 -5 7 58 -6 0 2.7 3.5 4.1 4.4 4.6 4.7 4.7 4.5 4.3 3.9 3.4 2.8 0 1 2 3 4 5
below prices which are round numbers. • They point toward a cognitive bias well-known among marketers that consumers tend to evaluate prices which end in .99 differently from prices that end in .00
through which the objectives of the company are set, and the means of attaining those objectives and monitoring performance are determined. The Principles do not intend to prejudice or second-guess the
returns by taking on more market risk deliver less risk- adjusted returns on average. This result echoes the stock-level finding by Saengchote (2017) that Thai stocks with high betas tend to have low alphas
extrapolation of the recent past leads to subequent return reversal Momentum High expected growth firms are more sensitive to shocks to expected growth Investor over-confidence and self-attribution bias leads to
views of the Organisation or of the governments of its member countries. This document and any map included herein are without prejudice to the status of or sovereignty over any territory, to the
from (1) and (2), it has been found that the Company still has high limitation. Hence, the Company has studied the possibility to move the location of the project to reduce the distance for raw material