Richard moneybags inherited sizable estate

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Richard Moneybags inherited a sizable estate from hWall Street bosses who believed that the huge profits of their firms prior to the financial crisis that started in 2007 was their personal accomplishment and that the financial crisis was due to overregulation by government illustrates the Multiple Choice confirmation bias. framing effect. hindsight bias. self-serving bias.is family and invests much of it in the stock market to increase his wealth. Moneybags attributes his gains to his shrewd investment strategies but blames losses on global events that he had no way to foresee of plan for. According to behavioral economists, this is an example of a Multiple Choice confirmation bias. self-serving bias. hindsight bias. planning fallacy.

Reference no: EM133575284

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