Asked by
kirsten chloe
on Dec 22, 2024Verified
Stockbrokers who market their services with confidence that they can outperform the market average in picking stocks are especially likely to
A) appear credible to their customers.
B) find it difficult to decide which stocks to purchase.
C) avoid the dangers of belief perseverance.
D) use algorithms to generate stock choices.
Belief Perseverance
Belief perseverance is the psychological phenomenon where individuals maintain a belief despite new information or evidence that contradicts or disproves it.
Algorithms
A set of rules or a process followed in calculations or problem-solving, especially by a computer.
- Comprehend the influence of overconfidence on judgment and decision-making processes.
Verified Answer
AY
Learning Objectives
- Comprehend the influence of overconfidence on judgment and decision-making processes.