Claude and Marie Are Excited Because They Have Just Bought

Multiple Choice

Claude and Marie are excited because they have just bought a restaurant from the previous owners. The two partners know that the last seven restaurants that have been operated at that location have gone bankrupt within a year of their openings, but Claude and Marie are certain their restaurant will be successful because they plan on working hard to be a success. In this case, the two new business partners are

A) showing belief perseverance.
B) showing evidence of the gambler's fallacy.
C) showing the confirmation bias.
D) apparently ignoring base rates.