[{"data":1,"prerenderedAt":46},["ShallowReactive",2],{"q-sec_invest-115-1-021":3},{"exam":4,"examName":5,"chapterSlug":6,"question":7,"related":22},"sec_invest","證券商業務員資格測驗——證券投資與財務分析","c7",{"id":8,"exam":4,"session":9,"qno":10,"question":11,"options":12,"answer":17,"chapter":18,"freq":19,"explanation":20,"difficulty":21},"sec_invest-115-1-021","115-1",21,"買跌賣漲指的是下列何種投資策略？",[13,14,15,16],"反向投資策略","動能投資策略","預期投資策略","效率投資策略",0,"效率市場假說",1,"「買跌賣漲」是在市場恐慌、眾人殺低時進場買進，在市場追高、眾人搶進時反手賣出，操作方向與市場情緒及當前趨勢相反，屬於反向即逆勢投資策略，故選(A)。相對地，動能投資策略(B)講究順勢的「追漲殺跌」，買進近期強勢上漲、賣出弱勢下跌的標的，方向恰恰相反；(C)預期投資策略與(D)效率投資策略並非用來描述此種逆勢低買高賣操作的名稱，屬混淆選項。反向策略背後的假設是市場常因過度反應而超跌或超漲，故朝均值回歸的方向操作，正與追隨動能者形成對照。","medium",[23,27,31,35,39,43],{"id":24,"question":25,"qno":26},"sec_invest-114-3-014","公司內部人員無法藉由內線消息而獲取超額報酬時，表示此時市場屬於：",14,{"id":28,"question":29,"qno":30},"sec_invest-114-3-023","下列敘述何者為效率市場的定義？",23,{"id":32,"question":33,"qno":34},"sec_invest-115-1-009","有關使用濾嘴法則進行投資決策，下列何者有誤？",9,{"id":36,"question":37,"qno":38},"sec_invest-115-1-010","行為財務學認為多數人非理性，而是有框架相依(framing dependence)的行為偏誤。所謂框架相依是指：",10,{"id":40,"question":41,"qno":42},"sec_invest-115-1-022","實證研究發現，不論是否為專業或業餘投資人，當他們回想其投資的共同基金的績效時，都會高估其真正的績效。這可用何理論解釋？",22,{"id":44,"question":45,"qno":30},"sec_invest-115-1-023","行為財務學指出，投資人誤以為容易聯想到的事件會較常發生，這種傾向稱為：",1787293956222]