A mistake stemming from use of the wrong bogey.
Sparky wants to jump from the floor to the couch. Using other couches he's seen as a benchmark, Sparky tries to estimate how high he'll have to jump, then realizes that dogs have poor recall skills, resulting in a benchmarking error.
Related or Semi-related Video
Finance: What is Relative Return?10 Views
Up Next
What is the Relative Strength Index? The Relative Strength Index is a technical analysis indicator that measures trading direction trends over the...
What is the difference between mutual funds and index funds? Mutual funds are professionally managed. Those investors trade shares and realize taxa...
How do you judge the performance of an index fund? For index funds, they're really just a reflection of the stocks and bonds they, uh... reflect. S...