AAFM CWM_LEVEL_2 Exam - Topic 6 Question 102 Discussion

Actual exam question for AAFM's CWM_LEVEL_2 exam

Question #: 102
Topic #: 6

Section B (2 Mark)

After making an investment, assume that an investor overhears a news report that has negative implications regarding the potential outcome of the investment he has just executed. How likely is he to then seek information, if he exhibits self attribution bias, that could confirm that you've made a bad decision?

AVery unlikely.

BUnlikely.

CLikely.

DVery likely.

Show Suggested Answer

Suggested Answer: A

by Carline at Jun 11, 2025, 09:59 AM

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Alyce

9 months ago

Wait, why would they look for bad news? Seems odd.

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Maurine

9 months ago

Totally agree, self attribution bias is strong!

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Steffanie

9 months ago

I think it's very likely they'll seek confirming info.

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Nicolette

9 months ago

Definitely likely, especially if they're feeling defensive.

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Solange

9 months ago

I’d say unlikely, people usually avoid bad news.

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Susana

10 months ago

I feel like the answer is likely or very likely since he might want to validate his feelings about the bad news.

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Maryanne

10 months ago

I'm a bit confused here. Wouldn't self-attribution bias mean he feels justified in his decision, so he might not seek out negative info?

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Rosalind

10 months ago

I remember a practice question about cognitive biases, and I think self-attribution bias makes it more likely for him to look for confirming information.

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Nettie

10 months ago

I think if he has self-attribution bias, he might be more likely to ignore negative news, but I'm not sure how that affects his information-seeking behavior.

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Charlie

11 months ago

I feel pretty good about this one. The self-attribution bias suggests the investor will want to find evidence supporting the idea that the investment was a bad call, even if that's not necessarily the case. So I'll go with "Likely" as the best answer.

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Rodrigo

11 months ago

Based on what I know about self-attribution bias, I think the investor would be "Likely" to seek out information confirming a bad decision. When people have this bias, they tend to attribute positive outcomes to their own actions, but negative outcomes to external factors.

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Felicitas

11 months ago

I'm a bit confused by the wording here. What exactly does "self-attribution bias" mean in this context? I'll need to review that concept before I can confidently answer this.

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Blondell

11 months ago

Okay, let's see. The key is that the investor has already made the investment, and now hears negative news. Given the self-attribution bias, I'm guessing he'll be more likely to seek out information that confirms he made a bad decision.

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Barbra

11 months ago

Hmm, this question seems to be testing our understanding of self-attribution bias. I'll need to think carefully about how that concept applies to the investor's likely behavior in this scenario.

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Alona

1 year ago

Well, if the investor is anything like me, he'll be frantically searching for any shred of evidence that his investment is still a winner. Self-deception is a powerful thing!

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Leonora

1 year ago

C) Likely.

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Silvana

1 year ago

B) Unlikely.

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Ciara

1 year ago

A) Very unlikely.

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Shoshana

1 year ago

I'm going with 'Likely' as well. It's human nature to want to justify our choices, even when the evidence points to a poor decision. Gotta love those cognitive biases!

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Vanda

12 months ago

I'm going with 'Likely' as well. It's human nature to want to justify our choices, even when the evidence points to a poor decision. Gotta love those cognitive biases!

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Hyman

12 months ago

D) Very likely.

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Layla

12 months ago

C) Likely.

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Anjelica

12 months ago

B) Unlikely.

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Millie

12 months ago

A) Very unlikely.

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Milly

12 months ago

Yeah, it's tough to accept that we might have made a bad decision.

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Brett

1 year ago

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Winifred

1 year ago

I agree, it's hard to admit when we've made a mistake.

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Eileen

1 year ago

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Mariann

1 year ago

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Mollie

1 year ago

This is a tricky one, but I think 'Likely' is the best answer. We're all guilty of self-attribution bias to some extent. Admitting we made a mistake is never easy.

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Erinn

1 year ago

C) Likely.

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Annamaria

1 year ago

A) Very unlikely.

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Nieves

1 year ago

D) Very likely. Some people tend to seek information that confirms their decisions.

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Rodney

1 year ago

A) Very unlikely. He might just ignore the news report.

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Adelina

1 year ago

I agree, 'Very likely' is the correct answer. Once we've made a decision, we tend to seek out information that supports it, even if the facts say otherwise. It's a classic psychological bias.

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Mila

1 year ago

I agree, it's a common bias to seek out information that confirms our decisions.

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Yuriko

1 year ago

A) Very unlikely.

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Chandra

1 year ago

C) Likely. I think he would want to confirm his decision.

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Leslee

1 year ago

Hmm, I'd say 'Very likely.' Self-attribution bias makes us want to confirm our own decisions, even if they're bad. We can't just bury our heads in the sand!

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