aspects of biases comprising (1) emotional or preference biases: focusing on present rather than future incidents; (2) belief bias: making conclusion based on too small sample size while associated risks
. Experiment 2: Social Proof Experiment Control: Cognitive Reflection Test (CRT) + Preference Elicitation Source: Authors’ design Expert recommen dation non-expert recommen dation Simple life insurance 1 2
for words that indicate obvious bias or hyperbole (e.g., “fail,” “lag,” “applaud”) and replace them. } Research your sources to ensure that they are reputable. } Always ask someone else to review and
companies comply with the following key regulations: 1) To provide several investment plans for members to choose from, including a qualified default policy for those without expressed preference; 2) To
Like the IOSCO CRA Principles, the IOSCO CRA Code is also intended to be useful to all types of CRAs relying on a variety of different business models. The IOSCO CRA Code does not indicate a preference
SEC (Dec 2014) 6 Source: 2015 Investment Company Fact Book. Investment Company Institute. 2015 In the US, investor preference towards lower-cost funds makes the asset-weighted fees at the industry level
Lifecycle Thailand × Know Your Client Process– Standard risk questionnaire × Focus primarily on risk preference (i.e., an investor’s aversion to risk) and ignore risk capacity (i.e., an investor’s ability to
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
variety of different business models. The IOSCO CRA Code does not indicate a preference for one business model over another, nor are the measures described herein designed to be used only by CRAs with large
product design and representativeness bias in performance presentation, investors might be subject to framing bias and loss aversion when interpreting the product values. http://market.sec.or.th/public