RFP Philippines Practice Questions - Registered Financial Planner (RFP) Exam - Philippines Exam

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During a market correction in the Philippine Stock Exchange (PSE), a client insists on buying speculative mining stocks solely because many members of an online trading forum are claiming it is the next 'multi-bagger.' What bias does this represent?

Anchoring bias Mental accounting Herd behavior Framing effect

Correct Answer:

Herd behavior

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