SECTIONS
SECTION III
LITERATURE REVIEW
SUMMARIES
Performance Attribution: History and Progress
Performance attribution tries to identify sources of portfolio performance and measure the impact of portfolio managers’ decisions. This publication traces attribution analysis from its beginning in the 1970s to the more complex models used today.
Do you know....?
Question: If you have ever wondered, “What does ______ do for me and my wallet?” you are looking for what kind of benefit?
YOU'RE RIGHT!
Answer: Utilitarian. In Behavioral Finance: The Second Generation, author Meir Statman explains that the second generation of behavioral finance begins by acknowledging the full range of people’s normal wants and their benefits—utilitarian, expressive, and emotional—and offers guidance on using shortcuts and avoiding errors on the way to satisfying normal wants.
VERY CLOSE!
Answer: Utilitarian. In Behavioral Finance: The Second Generation, author Meir Statman explains that the second generation of behavioral finance begins by acknowledging the full range of people’s normal wants and their benefits—utilitarian, expressive, and emotional—and offers guidance on using shortcuts and avoiding errors on the way to satisfying normal wants.
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