Behavioral finance is a relatively new field.One of its main goals is to:
A)analyze consumer behavior to determine what products to invest in.
B)pay people for socially beneficial behavior.
C)teach investors to avoid loss at all cost.
D)help investors overcome cognitive biases.

Question

Quizplus · Accepted Answer

The main goal of behavioral finance is to help investors overcome cognitive biases. It aims to understand and explain why investors make certain decisions and how those decisions impact market outcomes. This field suggests techniques and strategies that can help investors make better investment decisions.

Behavioral Finance Is a Relatively New Field