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Owen has an investment portfolio. You notice that 8 0 % of his portfolio is invested in a single stock. When you ask Owen about

Owen has an investment portfolio. You notice that

80 %

of his portfolio is invested in a single stock. When you ask Owen about it

,

he notes that he works in the same industry and knows a lot about it

,

so he is sure that the stock will increase in price significantly. Which of the following biases may Owen be exhibiting?

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