Andrew, a stock broker at a leading investment firm, often recommends his clients to invest in stocks based on a few observation. Andrew relies on his instincts to make such decisions, rather than basing his decisions on reliable sources of information and careful number crunching. In this example, Andrew makes which of the following decision biases?

Andrew, a stock broker at a leading investment firm, often recommends his clients to invest in stocks based on a few observation. Andrew relies on his instincts to make such decisions, rather than basing his decisions on reliable sources of information and careful number crunching. In this example, Andrew makes which of the following decision biases?


a. Escalation of commitment
b. Fundamental attribution error
c. Misunderstandings about sampling
d. Availability bias
e. Judgments about correlation and casualty


Answer: C


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