Question
a.)I have been very pleased with the returns I've earned on Petrie stock over the past two years and I am certain that it will
a.)I have been very pleased with the returns I've earned on Petrie stock over the past two years and I am certain that it will be a superior performer in the future.
b) I am pleased with the returns from the Petrie stock because I have specific uses for that money. For that reason, I certainly want my retirement fund to continue owning the Petrie stock
Select the statement from the points above that best illustrates each of the following behavioural finance concepts. Justify your selection.
a.)Mental accounting.
b.)Overconfidence (illusion of control).
c.)Disposition effect.
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