Question: Pair the behavioral bias with the matching description, example, or consequence. ___ Representativeness ___ Regret avoidance ___ Conservativeness ___ Framing A. Momentum B. Herding C.
Pair the behavioral bias with the matching description, example, or consequence.
___ Representativeness
___ Regret avoidance
___ Conservativeness
___ Framing
A. Momentum
B. Herding
C. Delayed or underreaction
D. People react differently depending on how a question is phrased
e.g. when asking you to chose between a $1m sure loss or a coin flip with 50% chance of losing $2m or losing nothing: "Who chooses the $1m sure loss?" vs. "Who would like to pay me $1m?"
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