Question: Tom is arguing Because Dow earned a negative return last year, it will also earn a negative return this year. Tom is committing A. the

Tom is arguing "Because Dow earned a negative return last year, it will also earn a negative return this year." Tom is committing

A. the planning fallacy.

B. the hot-hand fallacy.

C. the gambler's fallacy.

D. the sunk-cost fallacy.

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