Many Investment Advisors Attribute Their Successful Outcomes to Skill, Even

question 37

Multiple Choice

Many investment advisors attribute their successful outcomes to skill, even when it is more likely luck, which is an example of which bias?

• A)Overconfidence.
• B)Escalation of commitment bias.
• C)Hindsight.
• D)Availability.
• E)Framing.

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Definitions:

Visual Acuity

The clarity or sharpness of vision, often measured as the ability to discern letters or numbers at a given distance.

Wavelength

The distance between corresponding points of two consecutive waves, commonly associated with the characteristics of waves in physics, such as light and sound.

Axons

Long, threadlike structures of neurons that carry nerve impulses away from the cell body.

Dendrites

Branched extensions of a neuron that receive signals from other neurons and transmit them toward the cell body.