Because of a Boom in Technology Stocks in the Late

Multiple Choice

Because of a boom in technology stocks in the late 1990s, even novice investors experience huge growth in their portfolios. As technology stocks kept going up, many investors believe that their successes was due to their stock-picking ability rather than unsustainable growth in one sector of the economy. The result for many was huge losses. This scenario illustrates the concept of

A) availability bias.
B) representativeness bias.
C) anchoring-and-adjustment bias.
D) confirmation bias.
E) overconfidence bias.