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Pamela Landry, a novice investor from Montreal, bought 2,000 shares of BP PIc. (BP) during July 2018. During this period, BP reported a loss of
Pamela Landry, a novice investor from Montreal, bought 2,000 shares of BP PIc. (BP) during July 2018. During this period, BP reported a loss of $5.8 billion for second quarter of 2018. The company expected restructuring costs of $1.5 billion in 2018, up from an earlier estimate of $1 billion. Explain the behavioural finance concept Pamela is exhibiting and how is this influencing her decision making.
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