Essay
Lucy bought some stock 10 years ago that has been priced at half of her purchase price for the past 5 years.However, Lucy refuses to sell the stock, thinking that if she waits long enough, she will recover her investment.What type of irrational behavior does this represent?
A.mental accounting
B.bounded rationality
C.risk aversion
D.loss aversion
Correct Answer:
Verified
Correct Answer:
Verified
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