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Suppose that shares of Walmart rose rapidly in price from $45 to $100 as a result of a doubling of corporate profits. Later, they fell
Suppose that shares of Walmart rose rapidly in price from $45 to $100 as a result of a doubling of corporate profits. Later, they fell to $60 at which point some investors will buy, figuring it must be a bargain (relative to the recent $100). Such investors are displaying which bias?
a) Confirmation
b) Representativeness
c) Recency
d) Anchoring
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