The Stock of PHRM, the Price Declined by 30% When

Multiple Choice

The stock of PHRM, the price declined by 30% when the FDA did not approve a promising new therapy the company was developing.Patrick holds on to the stock and constantly searches the internet looking for favorable stories about the company while ignoring a cascade of negative reports.This is an example of

A) anchoring.
B) overconfidence.
C) belief perseverance.
D) loss aversion