Joel and Zeus Watch a Soccer Game Between Team a and Team

question 164

Multiple Choice

Joel and Zeus watch a soccer game between team A and team B on TV.Team A wins the match and Zeus exclaims,"I knew team A would win this match!" According to the biases and heuristics in decision making,it can be concluded that Zeus is employing _____ in this scenario.

• A)confirmation bias
• B)hindsight bias
• C)the availability heuristic
• D)the representativeness heuristic

---

Definitions:

Individual Security

A specific financial instrument, such as a stock or bond, representing an investment in assets or rights to ownership.

Covariance

A statistical measure that indicates the extent to which two variables change together; if the covariance is positive, the variables move together, while a negative covariance means they move inversely.

Securities' Returns

The profit or loss derived from investing in a security, including dividends, interest, and capital gains.

Correlation Coefficient

The correlation coefficient is a statistical measure that calculates the strength of the relationship between the relative movements of two variables.