The behavioural finance concept of "representativeness" means:

Select one:

a.

Investors tend to be frequently underestimate the level of risk in an investment

b.

Investors dislike losses more than they like gains

c.

Investors tend to ignore information which conflicts with their existing beliefs

d.

Investors tend to analyse a situation in the largest possible context

e.

Investors tend to draw strong conclusions about price trends from too small samples