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inn [45]
3 years ago
6

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 __________.
Business
1 answer:
worty [1.4K]3 years ago
8 0

Answer:

Representative Heuristic

Explanation:

Representative heuristic is a psychological situation in which an individual takes a bias deecison based on the prototype of that  same situation.

From the question, it can be seen that Frank is investing in a risky stock at this time because it once made him money in the past. He's basing the success of the stock this time around on his past experience.

Cheers.

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