When investors are subject to conservatism bias, they a None of the statements about conservatism bias is true b All of the statements about conservatism bias are true c may overreact to information when it is cognitively costly to update their beliefs d always underreact e may underreact to information when information processing is easy

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When investors are subject to conservatism bias, they... a. None of the statements about conservatism bias is true. b. All of the statements about conservatism

When investors are subject to conservatism bias, they...

None of the statements about conservatism bias is true.

All of the statements about conservatism bias are true.

may overreact to information when it is cognitively costly to update their beliefs

always underreact.

may underreact to information when information processing is easy.

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