In the last year, Bradley purchased 3 stocks on recommendations from his broker, Emily. All of the stocks have increased in value, so he decides to act on all of Emily's recommendations in the future. Over the same period, the S&P 500 was up 15%. Bradley exhibits the tendency known as

Question

Quizplus · Accepted Answer

Bradley is exhibiting representativeness by assuming that Emily's recommendations will always be successful based on a small sample of past successes, without considering other factors like market conditions.

In the Last Year, Bradley Purchased 3 Stocks on Recommendations