Gamblers fallacy is Study guides, Class notes & Summaries
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WPC 300 QUESTIONS TOGETHER. Top Questions and answers// 2024/25 EXAM PREDICTION QUESTIONS/
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WPC 300 QUESTIONS TOGETHER. Top 
Questions and answers/ 
Gamblers' fallacy is ______________ 
Framing effect bias 
A Zero risk bias 
A clustering illusion 
An endowment effect bias 
A clustering illusion 
When you keep eating the food you don't like precisely because you already bought the food, you are 
committing _______________ 
Endowment effect bias 
Sunk-cost fallacy 
Zero risk bias 
Availability heuristics bias 
Sunk-cost fallacy 
________ refers to a bias that causes an individual to ...
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WPC 300 Exam 1 Questions and answers, rated A+/ 2024/25 EXAM PREDICTION QUESTIONS/
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WPC 300 Exam 1 Questions and 
answers, rated A+ 
Anchoring bias 
Over-reliant on the first piece of information is called 
Gamblers' fallacy is ____________. 
a clustering illusion 
Which of the following is an example of secondary data? 
Firm's proprietary data 
In an agile approach of analytics what is the first step of the process? 
perform business discovery 
Predictive analytics may be applied to __________, which is a set of techniques that use descriptive data 
and forecasts to identi...
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Econ Assignment 1 2023 with 100% questions and answers
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A shortage is the amount by which the 
quantity demanded exceeds the quantity supplied 
 
 
 
This period of massive economic change is generally referred to as the 
Industrial Revolution 
 
 
 
 
Which of the following is a reason to study​ economics? 
A. To understand global affairs. 
B. To be an informed citizen. 
C. To understand society and to learn a new way of thinking. 
D. All of the above. 
D. All of the above 
 
 
 
Which of the following is a reason to study​ economics? 
 
A. To b...
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