Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Some investors strongly believe that stock prices rise or fall according to some set patterns that they can detect by charting the movements of stock

Some investors strongly believe that stock prices rise or fall according to some set patterns that they can detect by charting the movements of stock prices over time. This is despite decades of empirical evidence that shows that stock price movements are random. This is an example of what type of behavioural bias?

Question 1 options:

Attribution.

Heuristics.

Representativeness.

Framing.

Anchoring.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Finance questions

Question

8. What are zones A, B, and C in a control chart?

Answered: 1 week ago