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Steve purchased a stock last year for $ 3 4 a share. The stock increased in value to $ 3 6 a share before declining
Steve purchased a stock last year for $ a share. The stock increased in value to $ a share before declining to its current value of $ Steve has decided to sell the stock, but only if he can receive $ a share or better. Steve is suffering most from which of the following behavioural conditions?
False fallacy
Arbitrage reaction
House money
Representativeness heuristic
Randomness
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