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a survey study, CFOs tend to miscalibrate stock market returns. After incidents of miscalibration, their estimation improves but the adjustment is not sufficient to obtain

a survey study, CFOs tend to miscalibrate stock market returns. After incidents of miscalibration, their estimation improves but the adjustment is not sufficient to obtain accurate calibration. This finding is consistent with which of the following effects?
A.
Risk aversion
B.
Overconfidence
C.
Framing
D.
Anchoring

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