Solution-Possible decision traps traders or investors

Possible decision traps traders or investors

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Reference no: EM132348608

The following list indicates the possible decision traps traders or investors may fall into using heuristics as a basis for their decision-making processes.

1. Availability Trap

2. Representativeness Trap

3. Gambling Fallacy Trap

4. Hot-Hand Phenomenon Trap

5. Ignoring the Base Rate Trap

6. Law of Small Numbers Trap

Please choose three of the decision traps mentioned above, discuss and provide examples to illustrate your points.

If you use any source, please provide the website.

Reference no: EM132348608

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Possible decision traps traders or investors

Reference no: EM132348608

Reference no: EM132348608

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