n NISM Certifications
NSM General NISM
Medium

A client invests in a fund just because “everyone else is doing it.” This is an example of:

Practice question from I-B5 Session 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Loss Aversion

  2. B

    Mental Accounting

  3. Herd Mentality

    Correct answer

  4. D

    Framing Bias

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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