Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Your buddy buys a stock (MSFT), but it goes down in price. Your buddy, frustrated at their negative experience, decides to submit a limit sell

Your buddy buys a stock (MSFT), but it goes down in price. Your buddy, frustrated at their negative experience, decides to submit a limit sell order for an indefinite period at a price just above where they bought. Which behavioral bias are the demonstrating?

Group of answer choices

Probabilistic Bias

Disposition effect (or loss aversion)

Selective Attention

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Crypto Spotlight Series The Sandbox

Authors: Nott U.r. Keys

1st Edition

979-8854247702

More Books

Students also viewed these Finance questions