What is the mandate of behavioral financial planning?
A)To eliminate any behavior that is not result in revenue generation
B)To eliminate any behavior that is increases the risk to the revenue source
C)To focus on any behavior that provides a shortfall from ideal results and can be improved upon
D)Both a and b
E)Both b and c

Question

Quizplus · Accepted Answer

Behavioral financial planning focuses on identifying and improving behaviors that lead to suboptimal financial outcomes, rather than solely eliminating behaviors that affect revenue or increase risk.

What Is the Mandate of Behavioral Financial Planning