The Stock Price of PHRM Declined by 30% When the FDA

question 41

Multiple Choice

The stock price of PHRM declined by 30% when the FDA did not approve a promising new therapy the company was developing. Patrick holds on to the stock and constantly searches the internet looking for favorable stories about the company while ignoring a cascade of negative reports. This is an example of

• A) anchoring.
• B) overconfidence.
• C) belief perseverance.
• D) narrow framing.

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Definitions:

Party Machinery

The organizational structure of a political party, including its strategy, tactics, and logistics, aiming to secure election victories.

Ward Captains

Local political party leaders who are responsible for organizing party voters within a specific electoral district or ward, often playing key roles in campaign activities and mobilizing voters.

American Political Party

An organized group of people with at least roughly similar political aims and opinions, that seeks to influence public policy by getting its candidates elected to public office.

Winning Elections

The process and strategy of securing enough votes to achieve victory in a democratic electoral contest.