Multiple Choice
Jerico attended the Kentucky Derby but decided not to bet on any of the horses. When American Pharoah won, he said to his friends, "I should have put money on that horse, because I knew he was going to win!" Jerico's behavior is an example of:
A) the availability heuristic.
B) the representativeness heuristic.
C) hindsight bias.
D) the overconfidence phenomenon.
Correct Answer:
Verified
Correct Answer:
Verified
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