Autumn Has Been Figure Skating Since She Was Five Years

question 165

Multiple Choice

Autumn has been figure skating since she was five years old. She has never placed higher than third in any of the competitions she has been in, but she is still convinced that she will be able to become a professional figure skater in a few years. Her coach and her parents have tried to tell her that not many people make it as professional skaters, but Autumn is convinced that she can beat the odds. What is Autumn doing in this case?

• A)showing the confirmation bias
• B)displaying evidence of mental set
• C)showing belief perseverance
• D)apparently ignoring base rates

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Definitions:

Expected Return

A statistical measure of the mean or average return investors anticipate from an investment, considering all possible outcomes.

Life Cycle Stage

A concept in marketing and business that refers to the different phases through which products, companies, or industries pass, from introduction to growth, maturity, and decline.

Industry Leaders

Companies that are the most influential, innovative, or financially robust within a particular industry.

Maturity Stage

The phase in a product's lifecycle or bond's timeline when growth stabilizes and it reaches its most advanced stage before decline or redemption.