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2023 Half-Year Recap: Gains, pains and how do you reset?
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Investment Psychology Test 8

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3047HK Iron Ore ETF joined discussion · Jun 23, 2023 09:31
Xiaoming is a strong boy. He loves watching animals and often shows up at zoos. Based on this information, do you determine which of the following four types of jobs is Xiaoming most likely to do?
  A. Breeders.
  B. Fitness coach.
  C. Animal students.
  D. Painter.
Choosing A is a breeder who loves to observe animals. In fact, breeders usually work very hard to take care of small animals; they probably don't have much free time to go to the zoo.
Choosing B for a lot of people who are fit only shows that he likes fitness. He doesn't necessarily make a living from it. Many financial migrant workers like Xiaobian also usually get fit haha.
If you choose C and like to observe animals, are you an animal major? It could also be a photographer.
Choosing D might seem like the least reliable answer, but it's the best of the four. Painters need to carefully observe every movement of animals to vividly portray their forms; this message was overlooked by you. Because you were misled by representative thinking, you came to a conclusion by simply processing meaningless information.
Representative thinking:
The human brain has a tendency to use shortcuts to simplify the process of analyzing and processing information. Using these shortcuts, the brain can estimate an answer but also make it difficult for investors to discern the right information, leading to incomplete or even wrong conclusions. For example, in the recent banking crisis, some investors have sold off quite a few bank stocks, and are very worried about the collapse of the market. Currently, the impact of the banking crisis is still limited. We need to keep watching and make decisions later.
There aren't any tests for everyone. The test results are for reference and entertainment only, are not used as a basis for diagnosis, and have no practical significance.
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