Which of the following is not a criticism of behavioral finance?
A)It has no scientific underpinning
B)Its generalizations come from laboratory experiments and questionnaires
C)Its generalizations come from how people act in real life
D)All of the above are criticisms
E)None of the above is a criticism

Question

Quizplus · Accepted Answer

This statement is not a criticism of behavioral finance. In fact, one of the strengths of behavioral finance is that it is based on observations of human behavior in real life rather than solely relying on theoretical assumptions. A and B are criticisms of behavioral finance, while D and E are not applicable as D includes all options and E states that none are criticisms, which is not true.

Which of the Following Is Not a Criticism of Behavioral