Industry-specific factors in Business
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Questions and Answers

Recency bias impacts decision making equally for positive and negative experiences.

True

Overconfidence bias leads a person to underestimate their abilities or judgment.

False

When experiencing a bear market, people tend to prefer risky assets.

False

Daniel Kahneman and Amos Tversky were both economists who won the Nobel Prize in Economics.

<p>False</p> Signup and view all the answers

Under the overconfidence bias, individuals tend to take on risks without proper assessment.

<p>True</p> Signup and view all the answers

Recency bias causes individuals to base their decisions solely on past events without analysis.

<p>True</p> Signup and view all the answers

A fall in prices of assets typically leads people to invest more in those assets according to the text.

<p>False</p> Signup and view all the answers

Psychologist Daniel Kahneman and economist Amos Tversky identified the impact of recent events on decision making.

<p>False</p> Signup and view all the answers

In a bull market, people usually allocate less than advised for risky assets.

<p>False</p> Signup and view all the answers

The recent experience can override thorough analysis in decision making.

<p>True</p> Signup and view all the answers

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