Business, 24.04.2020 04:16 tyler5016

Claude and Marie are excited because they have just bought a restaurant from the previous owners. The two partners know that the last seven restaurants that have been operated at that location have gone bankrupt within a year of their openings, but Claude and Marie are certain their restaurant will be successful because they plan on working hard. In this case, the two new business partners are:

a. showing belief perseverance.
b. showing evidence of the gambler's fallacy.
c. showing the confirmation bias
d. apparently ignoring base rates

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Claude and Marie are excited because they have just bought a restaurant from the previous owners. Th...