Questions 1

Stocks D and E are positively correlated. Carl believes that it is that the likelihood of D and E both going up is higher than the likelihood of D going up. This is an example of ________.

Option

Anchoring bias Loss aversion Representative bias Framing bias.

Questions 2

Heather prefers a 60% chance of winning compared to 40% chance of losing. This is an example of ________.

Option

Representative bias Framing bias Anchoring bias Loss aversion