Match each example to one of the behavioural characteristics.

Example Investors are slow to update their beliefs when given new evidence Investors are reluctant to bear losses caused by their unconventional decisions. Investors exhibit less risk tolerance in their retirement accounts versus their other stock accounts. Behavioural Characteristic i. Disposition effect ii. Representativeness bias ii. Regret avoidance a. b. C. Investors are reluctant to sell stocks with paper losses Investors disregard sample size when forming views about the future from the past. d. . Conservatism bias v. Mental accounting