Michael Le is deciding whether or not to drop out of college to start his own
business. He thinks to himself, Bill Gates, Jeffery Dell, Russell Simmons, even Lady
Gaga, all dropped out of college and they all did extremely well. He concludes a
college degree doesn't matter and decides to quit. In this instance, which of the
following is most likely influencing his decision.
Risk aversion
Anchoring bias
Randomness error
Availability bias
Escalation of commitment