1. “Tversky and Kahneman’s findings ... lead to another rule that investors should follow”. Which rule is the author talking about?
I. Not to be influenced by short term and occasional record of a money manager, broker, analysts, or advisor, no matter how impressive.
II. To accept cursory economic or investment news without significant substantiation but supported by statistical evidence even if limited in data sufficiency.
III. In making decisions we become overly immersed in the details of a particular situation and consider all the outcomes of similar experience in our past.
IV. None of the above.
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