The _____________ Bias Makes People Resistant to Change and Drives

question 4

Short Answer

The _____________ bias makes people resistant to change and drives them to prefer investment strategies that they have used in the past over searching for better strategies.

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Definitions:

Tukey's Multiple Comparison

A statistical method used to find which means among a set of means differ from the rest after conducting an ANOVA test.

Fisher's LSD

A statistical method used to compare means while controlling for familywise error rate in the context of an ANOVA.

Pooled Variance Estimator

An estimate of variance that combines the variances from two or more samples, assuming that they come from populations with the same variance.

MSE from ANOVA

Mean Square Error derived from Analysis of Variance, indicating the average of the squares of the deviations of observations from their group means.