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Explore CFA Level 1 DrillsAceThePrepTrap ForensicsCFA Level 1Hub →
CFA Level 1Portfolio ManagementBehavioral Biases
Level 2 Trap Drill
Can you avoid the examiner's trap?Select an option to evaluate
An investor who holds onto losing stocks far too long in the hope of breaking even, while quickly selling winning stocks to lock in small gains, is exhibiting:
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Practice More CFA Level 1 Behavioral Biases Questions

Take the interactive diagnostic drill with real-time distractor analysis, Desmos calculator, and SM-2 spaced repetition.

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More Behavioral Biases Questions in CFA Level 1

Tier 2CFA Level 1

Anchoring and adjustment bias in financial decision-making occurs when an investor:...

Inspect distractor trap
Tier 2CFA Level 1

An analyst who searches exclusively for research reports confirming their positive thesis on a tech stock whil...

Inspect distractor trap
Tier 2CFA Level 1

Mental accounting bias leads investors to:...

Inspect distractor trap
Tier 2CFA Level 1

An investor who claims after a market crash that they 'knew it was going to crash all along' despite holding a...

Inspect distractor trap
Tier 2CFA Level 1

Overconfidence bias typically manifests in retail investors as:...

Inspect distractor trap