so what was your pick?

CFA Level III
#1

for the pm session, what did you guys do with the unknown or not sure questions?

did you guys pick your favourite/lucky letter, roll your pencil or just balance the answers out??

i picked A because A is the only letter in my name XD

#2

I actually counted all my answers and picked up letters such that there is equal probability for each A , B or C out of 60 questions… :stuck_out_tongue:

#3

i just picked the answer that made most sense to me

#4

Impressed you counted. But from my final cursory glance before I had to store my answer sheet inside the question booklet, I think I got roughly 33/33/33.

#5

I was lucky enough not to have to blind guess - educated guesses were made of course. For my 8181 paper I found clusterings of 4-5 Bs in one place and 4-5 Cs in another. I checked those questions again - I don’t see any reason to change my answers (those were ones I’m pretty sure about in fact) so I guess the clusterings are probably coincidental (I’m hoping like mad they are now!).

#6

Any blind guesses I have always used B as my go to since level I haha. I was able to narrow a few down to two choices this year and only had a couple guesses

#7

I was all about NAIVE DIVERSIFICATION. I had an equal number of A, B and C? =P

I think end of day I had to guess on 5 during the PM. Most of which was in the latter half of the deck.

#8

7171 here, but glad im not alone ,)

#9

I usually choose that one and then chose the next craziest one. It eludes the dummy answer CFAI puts in there :stuck_out_tongue:

#10

Only blind-guessed 1 answer for the entire PM - near the end - a calculation I had never practiced or even knew I had to know how to calculate…

Chose B, lol.

#11

If you think the probability of “A, A, A” sequence is significantly different than “C, A, B” or “B, A, C” then I think you really need to re-consider your career path…

Which letter is assigned to the correct answer is irrelevant.

#12

Gamblers Fallacy…

#13

i had like an entire row of b’s. b is my goto when im guessing.

#14

Positive (or negative) serial correlation, anybody?

#15

I went for rolling average. indecision

#16

Yea there were definitely some rows of b’s, maybe a c row also… 7171

#17

I flipped my eraser.

#18

maybe cfa has incorpated all those behavioral biases into the exams answers to see how we actually deal with them

#19

Honestly, I was actually able to make it all the way through the PM section without having to do a blind guess. Not to say there weren’t answers that I didn’t know, but I was at least able to make solid educated guesses for the ones I wasn’t sure of. This is definitely unlike my L1 and L2 exams, so I’m happy about that. I stil got rocked though.

#20

Same here. The sequence of B’s came before the C’s. I went over it too and didn’t change it.