In the early 2000s, a group of investors strongly believed in the continuous growth of the real estate market. Despite signs of market instability and warnings from economic experts in 2006, they continued to invest heavily in real estate. It wasn't until the market significantly declined in 2008 that these investors began to adjust their investment strategies. By taking a considerable amount of time to acknowledge the market's downturn, these investors exhibited which behavioral bias? Question 7 Answer a. Hindsight bias b. Conservatism c. Mental accounting