**📅 Date:** ➤ ⌈ [[2025-05-04-Sun〚 Retro-Futurism▪Spillover Effect 〛]]⌋ **💭 Note:** ➤Delayed realization of risk or impact (like peeling layers) ➤Halo Effect（光环效应） A **cognitive bias** where positive traits in one area influence perception in unrelated areas. - Investor overconfidence - Analyst misjudgment - Biased forecasting ⇩ 🅻🅸🅽🅺🆂 ⇩ **🏷️ Tags**: #💰/Economy **🗂 Menu**: ⌈[[✢ M O C ➣ 05 ⌈M A Y - 2 0 2 5⌉ ✢|2025 - M A Y- MOC]]⌋ ⌈[[✢L O G ➢ ⌈M A Y - 2 0 2 5⌉ ✢|2025 - M A Y - LOG]]⌋ #👾/Private ---   ## 📌 Definition “Spillover Effect” is **not a standardised financial term**, but it likely refers to the well-known **Spillover Effect（溢出效应）** or conceptually to **Halo Effect（光环效应）**. ### It may be used informally to describe: - **Layered, unintended consequences** - **Effects that cross from one area into another** - **Delayed realization of risk or impact** (like peeling layers) --- ## II. 🔁 Spillover Effect（溢出效应） **Definition:** When an event, decision, or policy in one area unintentionally impacts **another domain, sector, or geography**. ### 🧾 Examples: - Fiscal stimulus in the U.S. increases global demand, benefiting emerging markets. - A company’s ESG investment improves brand perception across product lines. - A banking crisis in one country causes regional contagion. --- ## ✨ Halo Effect（光环效应） **Definition:** A **cognitive bias** where positive traits in one area influence perception in unrelated areas. ### 🧾 Examples: - A charismatic CEO leads investors to overvalue the company. - A well-designed product leads to assumptions about superior customer service. ### 📚 CFA Relevance: Helps explain: - Investor overconfidence - Analyst misjudgment - Biased forecasting --- ## 🧠 Summary - Peel-over Effect likely = **Spillover Effect** or **Halo Effect** - Describes how **influence “peels” into other areas** (markets, behaviour, reputation) - Useful in: - Risk assessment - Industry correlation analysis - Behavioural finance biases