Which one of these terms is used to describe a market where investors draw conclusions from insufficient data?
A)Representativeness
B)Synergy
C)Conservatism
D)Arbitrage
E)Independent deviations from rationality

Question

Quizplus · Accepted Answer

Representativeness is a cognitive bias where investors make decisions based on insufficient or irrelevant data, often leading to incorrect conclusions.

Which One of These Terms Is Used to Describe a Market