If information processing was perfect, many studies conclude that individuals would tend to make decisions using that information due to .

a. less than fully rational; behavioral biases
b. fully rational; behavioral biases
c. less than fully rational; fundamental risk
d. fully rational; fundamental risk
e. fully rational; utility maximization

Explanation: Information processing errors consist of forecasting errors , overconfidence and conservatism which can lead investors to misestimate the true probabilities of possible events or associated rates of return; and assuming information processing was perfect, individuals would tend to less-than-fully rational decisions due to behavioral biases as confirmed by several studies.

Baraq Baraq · Answer 2 · 2021-11-30T16:33:39+01:00

Based on sociological context, if information processing was perfect, many studies conclude that individuals would tend to make less than fully rational decisions using that information due to behavioral biases.

This implies that humans are generally biased in their decision-making.

Regardless of whether the information processing is perfect or not, humans only base their decisions on what they feel is right or what they believe to be true.

Hence, in this case, it is concluded that the correct answer is option A. "less than fully rational; behavioral biases."

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