________ bias means that investors are too slow in updating their beliefs in response to evidence.
A) Framing
B) Regret avoidance
C) Overconfidence
D) Conservatism
E) None of the options are correct.

Question

Quizplus · Accepted Answer

Conservatism bias refers to the tendency of investors to be overly cautious and to underreact to new information, leading them to update their beliefs more slowly than they should when presented with new evidence.

________ Bias Means That Investors Are Too Slow in Updating