Question
A friend says that the market has gone down for 4 consecutive days, so we are overdue for an up day. Which bias is your
A friend says that "the market has gone down for 4 consecutive days, so we are overdue for an up day." Which bias is your friend suffering from?
A.recency bias.
B.false consensus.
C.gambler's fallacy.
D.house money effect.
E.law of small numbers.
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Financial Management
Authors: Rajiv Srivastava, Anil Misra
2nd Edition
0198072074, 9780198072072
