Which of the Following Refers to a Familiarity Bias

question 194

Multiple Choice

Which of the following refers to a familiarity bias?

• A) A preference to own assets that one feels comfortable with.
• B) A preference to own investments despite having little information about them.
• C) A preference for investing in passively managed funds to reduce risk.
• D) A preference for investing in actively managed funds to reduce risk.

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Definitions:

Experimenter Bias

A type of bias that occurs when the experimenter's expectations influence the outcome of a research study.

Statistically Significant

Statistically significant refers to a result that is unlikely to have occurred by chance alone, according to a predetermined threshold of probability, indicating a likely genuine effect.

Double-blind Study

A double-blind study is a research design in which neither the participants nor the experimenters know who is receiving a particular treatment, to eliminate bias.

Experimental Group

The group in an experiment that receives the variable being tested, as opposed to the control group.