Question Completion Status: OD. I only QUESTION 2 Which of the following statements regarding regret aversion bias is CORRECT? 1. Excess conservatism in the portfolio may occur because it is easy to see that riskier assets II. May lead to long-term underperformance and a failure to meet goals. III. It involves making decisions based on perceived gains rather than perceived losses. IV. A consequence of this bias is investors telling themselves they are not to blame if others ar O A. II and IV OB. I, II, III, and IV O C.I and III OD. I, II, and IV