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Which of the following characteristics are referred to as representativeness? I and IV only II and III only I, II and III only I, II,

Which of the following characteristics are referred to as representativeness? image text in transcribed

I and IV only

II and III only

I, II and III only

I, II, III and IV only
I. hesitating to sell stocks at a loss II. basing conclusions on small samples III. underestimating the effects of random chance IV. underestimating the level of risk in an investment

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