I am sick of these. I know the definitions but see so many inconsistencies in answers I get confused.
So for the first one I put representativeness because he is only investing in tech companies because he knows the industry.
The last one I put overconfidence because he has a lot of confidence that’s it’s a ‘good investment’.
I got those two the wrong way round, also in my notes I specifically have under overconfidence:
‘ANCHORING AROUND ORIGINAL FORECAST WHEN NEW DATA SHOWS INCORRECT’ which is the second one. That statement was from one of the other past papers!
HHEEELLPPP!!
Any advise on these behaviourial stuff will be GREATLY appreciated.
Thanks