Claude and Marie Are Excited Because They Have Just Bought

Multiple Choice

Claude and Marie are excited because they have just bought a restaurant from the previous owners. The two partners know that the last seven restaurants that have been operated at that location have gone bankrupt within a year of their openings, but Claude and Marie are certain their restaurant will be successful because they plan on working hard to be a success. What are the two new business partners doing in this case?

A) supporting the gambler's fallacy
B) demonstrating the confirmation bias
C) apparently ignoring base rates
D) showing belief perseverance