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nakungth nakungth
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6 years ago
Behavioral economists argue that asset price bubbles and other examples of herd behavior may be due to biases resulting from the law of small numbers.  In particular, the investors may observe unusually ________ returns for some asset and use this limited information to ________ the probability that returns will be high in the future.
A) low, over-estimate
B) low, under-estimate
C) high, over-estimate
D) high, under-estimate
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
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#1
6 years ago
C
nakungth Author
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#2
5 years ago
Thanks, very pleased with your answer
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