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Conservatism implies that investors are too __________ in updating their beliefs in response to new evidence and that they initially __________ to news.

a. quick; overreact
b. quick; under react
c. slow; overreact
d. slow; under react
e. none of the above

Respuesta :

Answer: d. slow; under react

Explanation:

Conservatism is simply when there is traditional beliefs in the society and opposition the individuals are opposed to rapid changes.

Conservatism implies that investors are too slow in updating their beliefs in response to new evidence and that they initially under react to news.

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