Question

Against his financial advisor’s advice, frank has decided to invest his money in some risky stocks because he once made quite a bit of money in the stock market. his decision illustrates __________. a. the representativeness heuristic b. overconfidence c. the availability heuristic d. confirmation bias please select the best answer from the choices provided a b c d

Answer 1

It may possibly be D confirmation bias.
Confirmation bias is favoring information that conforms with a currently existing belief, or a tendency to interpret new evidence as confirmation of one’s existing beliefs or theories. I’m not sure this is the correct answer though, so you might want to have someone else double check it or give their opinion as well.