Multiple Choice
BargainStock.com
Based on incomplete but reliable factual information, Maggie has decided to open BargainStock.com, an online stock trading company. Relying on her past experience and judgment, Maggie estimates a very high probability of success. Maggie feels that online stock trading, especially short-term day trading, will be lucrative for her business because when people are making money trading they want to make even more and when they are losing they keep "throwing good money after bad" to recoup.
-Refer to BargainStock.com. "Throwing good money after bad" describes the ____ decision trap among stock traders.
A) satisficing
B) dollar cost averaging
C) framing error
D) escalation of commitment
E) overconfidence
Correct Answer:
Verified
Correct Answer:
Verified
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