FIN 320 Test 1 Exam questions and answers Graded A+ |BRAND NEW

FIN 320 Test 1 Exam questions and answers Graded A+ |BRAND NEW constrained maximization - limited resources, information, knowledge, intellect information - defining financial securities knowledge - being able to create an investment portfolio Heuristics - mental shortcuts in making decisions how we process info: confirmation bias - the tendency to process information by looking for, or interpreting information that is consistent with one's existing beliefs. how we view events: hindsight Bias - we tend to see events as more predictable than they are, and become convinced that we accurately predicted an event before it occurred. how we view our actions: actor Observer Bias - we attribute our actions to external forces beyond our control, but that of others to their own internal caus