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2. An analyst has just received new information regarding his investment in a particular stock. The new information conflicts with his earlier forecast of what

2. An analyst has just received new information regarding his investment in a particular stock. The new information conflicts with his earlier forecast of what the stock price should be in that it is lower than his forecast. However, he is not willing to integrate the new information into his forecast and to revise it accordingly. Which behavioral trait best describes the analyst's actions?

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