Megan Was Certain That She Would Never Live Far Away

question 309

Multiple Choice

Megan was certain that she would never live far away from her family.However,when offered a job in another state,she decided to move.Megan's experience best illustrates

• A) hindsight bias.
• B) random assignment.
• C) the placebo effect.
• D) overconfidence.

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Definitions:

Standard Deviation

A statistic that measures the dispersion or variability of a dataset relative to its mean, used to quantify the amount of variation or dispersion.

Portfolio

An assortment of financial assets comprising stocks, bonds, commodities, cash, and equivalents such as mutual funds and exchange-traded funds (ETFs).

Security B

A distinct category of financial assets that can include stocks, bonds, options, and futures, offering various investment and risk profiles.

Weights

Factors or coefficients that are assigned to elements of a calculation or model to determine their relative importance or impact.