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Tom is arguing Because Dow earned a negative return last year, it will also earn a negative return this year. Tom is committing A. the
Tom is arguing "Because Dow earned a negative return last year, it will also earn a negative return this year." Tom is committing
A. the planning fallacy.
B. the hot-hand fallacy.
C. the gambler's fallacy.
D. the sunk-cost fallacy.
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