Question
In a practical money management context, what is a gambler's fallacy? How is it applied to investment selection? Can you just explain in a paragraph
In a practical money management context, what is a gambler's fallacy? How is it applied to investment selection?
Can you just explain in a paragraph what the gambler's fallacy is and then relate to how it influences investors' decisions and also some examples?
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Managerial Economics and Strategy
Authors: Jeffrey M. Perloff, James A. Brander
2nd edition
134167879, 134167872, 9780134168319 , 978-0134167879
