Substitution Bias Causes Us to Substitute an Easier Question for a Harder

question 33

True/False

Substitution bias causes us to substitute an easier question for a harder one when answering a hard question.

---

Definitions:

Expected Gain

The anticipated benefit or profit from an investment or action.

Diversification

A strategy of investing in a variety of assets to reduce overall risk.

Expected Gain

The anticipated benefit or profit that arises from a specific action or investment.

Diversification

The process of spreading investment risks by acquiring a wide range of assets within a portfolio.