choose one of the $8$ the behavioral biases $/$ informational processing errors that corresponds to the described situation.

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Question $271$ pts

$......................................................$ bias means that investors are slow in updating their beliefs in response to evidence.

Forecasting errors $($Memory Bias$)$

Overconfidence

Conservatism

Representativeness Bias

Framing

Mental Accounting

Regret Avoidance

Loss Aversion $($Prospect Theory$)$