Lily wants to invest in the stock market.She notices that the share price for Great Flowers Inc.has been rising for weeks.She chooses to invest in Great Flowers Inc.because she assumes it will continue to rise purely because of the run it has been on.Lily suffers from:
A) the hot-hand fallacy.
B) the gambler's fallacy.
C) a present bias.
D) the sunk cost fallacy.
Correct Answer:
Verified
Q28: Behavioral economists view the standard economic theory
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Q30: Pre-commitment is:
A) a solution for dynamic inconsistency.
B)
Q31: The hot-hand fallacy:
A) is the belief that
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Q34: A person is dynamically inconsistent if:
A) lapses
Q35: The belief that if you paid more
Q36: Lily wants to invest in the stock
Q37: Gabby flips a fair coin and it
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