In behavioural finance, 'anchoring bias' argues that:
Select one: a. investors make mistakes about probability of events by placing too much weight on the outcomes in the distant past b. investors are attached to their ideas and will resist updating their views if new information arrives c. investors who have accidentally had a run of good luck overvalue their level of skill and become over-confident d. investors tend to follow the actions of others even if they think it is wrong e. investors make differing choices depending on how choices are posed