Sarah had invested most of her retirement savings in energy companies. However, when Enron declared bankruptcy, she transferred all her investments to government bonds because she decided that other energy companies were also likely to go bankrupt. In this example, Sarah's decision has most likely been influenced by the:

a. availability heuristic
b. representativeness heuristic
c. gambler's fallacy
d. underconfidence effect

A

Psychology

You might also like to view...

The value that establishes a range of body fat and muscle mass we tend to maintain is known as _____

Fill in the blank with correct word

Psychology

Kohlberg's theory of moral development has been critiqued by researchers conducting cross-cultural studies

a. True b. False

Psychology