Question 13 2.5 pts Herding behavior is defined as O the tendency for people to

Question

Question 13 2.5 pts Herding behavior is defined as O the tendency for people to copy what others are doing. Herding behavior contributed to the market and real-estate bubbles in the mid-2000's. O the tendency for people to copy what others are doing. Herding behavior reduced the market and real-estate bubbles in the mid-2000's O buying financial assets with borrowed money. Herding behavior contributed to the market and real-estate bubbles in the mid-2000's O buying financial assets with borrowed money. Herding behavior reduced the market and real-estate bubbles in the mid-2000's.

Explanation / Answer

A is the correct option

Reason

Herd instinct is a mentality characterized by a lack of individual decision-making or thoughtfulness, causing people to think and act in the same way as the majority of those around them. It contributes to recession and different financial bubbles.

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