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Sally Forthright, a Single Mother, Opened a Florist Shop to Support

question 77

Multiple Choice

Sally Forthright, a single mother, opened a florist shop to support her family after losing her job in a corporate layoff. She is _____.


Definitions:

Certainty Effect

A cognitive bias where people give greater weight to outcomes that are certain, compared to outcomes that are only probable.

Reactance

An inspired response to propositions, individuals, guidelines, or policies that challenge or remove certain freedoms of behavior.

Risk Aversion

In decision making, the greater weight given to possible losses than possible gains.

Temporal Discounting

The tendency to value immediate rewards more highly than future rewards, leading to impulsive decisions.

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