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After a particularly challenging examination, a student is overheard in the hallway exclaiming, "That instructor just grades too hard! She only gave me a B on the test!" This student is exhibiting traits of a(n)
Price Movements
The fluctuations in the price of securities in the financial markets.
Representativeness Bias
A cognitive bias leading individuals to make judgments about the probability of an event based on how much it resembles their existing stereotypes, rather than based on actual evidence or likelihood.
Mental Accounting
The process by which individuals categorize and evaluate economic outcomes by organizing them into specific accounts in their minds.
Framing Bias
A cognitive bias where people decide on options based on whether the choices are presented with positive or negative connotations.
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