Match each example to one of the following behavioral characteristics.

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