Bayesian Rigidity and Anchoring

CFA Level III
#1

Is there a difference between these two terms? Or saying the same thing?

#2

http://www.analystforum.com/phorums/read.php?13,897581 these folks bring up the same thing. Bayesian rigidity, anchoring, status quo… They say same thing…

#3

Cheers. I think status quo is distinguishable from the other two. I am having a hard time distinguishing bayesian rigidity and anchoring.

#4

I think they are the same thing http://www.portfolioequilibrium.com/?p=141 The author’s mentions that Russell Fuller ( behavioral economist ) says: His (Fuller’s )point was that people anchor previous valuations (Bayesian Rigidity in CFA talk) and do not fully incorporate surprises into their new valuations

#5

Thanks janakisri. I think they are the same thing too. Cool.

#6

nah, Bayesian would likely not be referred to as a “trap” or psychological trap. its behavioural. you asked.

#7

janakisri Wrote: ------------------------------------------------------- > I think they are the same thing > > http://www.portfolioequilibrium.com/?p=141 > > The author’s mentions that Russell Fuller ( > behavioral economist ) says: > > His (Fuller’s )point was that people anchor > previous valuations (Bayesian Rigidity in CFA > talk) and do not fully incorporate surprises into > their new valuations I tried to distinquish the differences among them, but I can not find a clear way. These are painful to me ! Thanks for your information !

#8

i think there is difference status quo relates with time - anchoring to old history anchoring relates with theory - the 1st theory Bayesian ? l think … seems more like anchoring … pls point out the wrong understanding if there is