Consider the following example: A certain town is served by two hospitals. In the larger hospital about 45 babies are born each day, and in 1the smaller hospital about 15 babies are born each day. As you know, about 50 percent of all babies are boys. However, the exact percentage varies from day to day. Sometimes it may be higher than 50 percent, sometimes lower. For a period of 1 year, each hospital recorded the days on which more than 60 percent of the babies born were boys. Which hospital do you think recorded more such days? - The larger hospital (21) - The smaller hospital (21) - About the same (that is, within 5 percent of each other) (53) The values in parentheses are the number of undergraduate students who chose each answer. Most subjects judged the probability of obtaining more than 60 percent boys to be the same in the small and in the large hospital, presumably because these events are described by the same statistic and are therefore equally representative of the general population. Which concept of behavioral finance can be illustrated by the example? ambiguity aversion a. b. prospect theory C. behavioral bias d. errors in processing information