Options
-
Recency Bias
Correct answer
- B
Overconfidence Bias
- C
Confirmation Bias
- D
Herd mentality
Why this is the answer
Mr. Mehta is exhibiting Recency Bias, which occurs when individuals give undue weight to recent events, allowing them to disproportionately influence decision-making. In this case, the recent market crash leads him to fear future losses, even without considering long-term potential.
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