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In 1 9 9 7 , CSX successfully purchased a significant share of Conrail. Immediately after the first offer was announced and the acquisition eventually

In 1997, CSX successfully purchased a significant share of Conrail. Immediately after the first offer was announced and the acquisition eventually consummated, the price of CSX fell
below pre-acquisition levels and took many years to recover. This may be an example of
Multiple Choice
loss aversion
overreaction
mental accounting
overconfidence
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