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    Exam 14: Managerial Decision-Making Under Uncertainty
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    What Is One Reason a Gambler Might Bet $1,000 That
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What Is One Reason a Gambler Might Bet $1,000 That

Question 95

Question 95

Multiple Choice

What is one reason a gambler might bet $1,000 that a team that is ranked sixteenth will win the NCAA basketball tournament?


A) irrationality
B) overconfidence
C) exuberance
D) gambler's fallacy

Correct Answer:

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