Match each of the following behaviors with the appropriate bias, as discussed in the chapter. a. Wanda
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Match each of the following behaviors with the appropriate bias, as discussed in the chapter.
a. Wanda owns shares in Happy Clam Oil Exploration, but due to recent events, the share price is down 30 percent from when she bought. She doesn’t want to sell now because it had previously been up as much as 25 percent.
b. Drew doesn’t believe his friends who tell him that he cannot time the market. He has been successful in making profits from his trades this past month and plans to continue his day trading.
c. Yusuf has been watching the gold market go up and up, so he decides that since everyone is buying gold, he needs to do so as well.
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Related Book For
Personal Finance Turning Money into Wealth
ISBN: 978-0134730363
8th edition
Authors: Arthur J. Keown
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