The sunk cost fallacy describes the tendency to: Option: Continue investing in a failing endeavor due to past investments, Follow the investment choices of the majority, Overestimate the probability of unlikely events, Make decisions based on emotions rather than logic

The sunk cost fallacy describes the tendency to:

Which of the following biases can cause investors to hold onto losing investments for too long, even when selling might be a better financial decision?

Which cognitive bias can lead investors to believe they could have easily predicted past market events, even though those events were inherently uncertain?

Which of the following cognitive biases can lead investors to overestimate their ability to pick winning investments?

What is the tendency to place undue weight on recent market events and underestimate the importance of historical trends called?

Which cognitive bias can lead investors to judge an investment opportunity favorably simply because it shares characteristics with a previous successful investment?