Multiple Choice
Mary decides to save $50 from each paycheck for a trip to Europe. But she spends her entire paycheck on new clothes. Which of the following systematic mistakes does this illustrate?
A) People give too much weight to a small number of vivid observations.
B) People's behavior often exhibits inertia.
C) People are reluctant to change their minds.
D) People are overconfident.
Correct Answer:
Verified
Correct Answer:
Verified
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