thommo77

what i can understand is that although all of these based action on past events the end results is different ( to account for different situation investors in)

1) anchoring trap- resulted in projection not fully incorporate new info
2) status-quo- resulted in tendency to maintain current portfolio (in dcp)
3) Representativeness- resulted in investors taking action based on cause and effect that happened in the past. assume pattern would repeat.

tq