Question: Despite receiving new information that suggests a stock's future performance will be worse than initially expected, Brian sticks to his original prediction and refuses to

Despite receiving new information that suggests a stock's future performance will be worse than initially expected, Brian sticks to his original prediction and refuses to
adjust his expectations. Which behavioral bias is Brian displaying?
Regret Avoidance
Loss Aversion
Mental Accounting
Conservative Bias
 Despite receiving new information that suggests a stock's future performance will

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!