Because of a Bias Called _________________,Gamblers Tend to Value $100

question 18

Short Answer

Because of a bias called _________________,gamblers tend to value $100 they lost on a bet more than they would value $100 the won on a bet.

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Definitions:

Mortgage-backed Securities

Investments secured by mortgages, which pay investors from the mortgage payments of homeowners.

Persistence

The tendency of a variable, phenomenon, or condition to continue its existing trend or state over a period.

Mutual Funds

Mutual Funds are investment vehicles that pool money from multiple investors to purchase diversified portfolios of stocks, bonds, or other securities.

Expense Ratio

A measure reflecting the annual cost of investing in a mutual fund or ETF, expressed as a percentage of assets under management.