Behavioral economists argue that asset price bubbles and other examples of herd behavior may be due to biases resulting from the law of small numbers
In particular, the investors may observe unusually ________ returns for some asset and use this limited information to ________ the probability that returns will be high in the future. A) low, over-estimate
B) low, under-estimate
C) high, over-estimate
D) high, under-estimate
C
Economics
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An advantage of a partnership is that they:
a. have unlimited life b. never fail due to disagreements c. can attract financial capital easier d. have limited liability
Economics
A _________ monopoly is regulated and can provide cheaper service than could several competing firms.
Fill in the blank(s) with the appropriate word(s).
Economics