Economists have found that entrepreneurs are likely to have subjective beliefs about the probability of entrepreneurial success that are higher than the actual objective probabilities. These beliefs are most closely related to which of the following behavior concepts?
a. People are overconfident
b. People give too much weight to a small number of vivid observations.
c. People are reluctant to change their minds.
d. People are inconsistent over time.
a
You might also like to view...
If a corporate bond with a face value of $20,000 pays yearly coupon payments of $500, what is the coupon rate?
A) 2.5% B) 4% C) 25% D) 40%
The cross-price elasticity of demand for peanut butter and jelly is likely:
A. a positive number. B. a very high positive number. C. a negative number. D. less than one.
Upstream and downstream refer to the degree of horizontal integration
Indicate whether the statement is true or false
Which of the following is the price at which the trader is willing to sell foreign currency?
A) offer B) bid C) spread D) cross rate