You Have Saved a Total of $200,000 Over the Past

question 49

Multiple Choice

You have saved a total of $200,000 over the past several years. Jane, a trusted business associate, recently approached you with an offer. She has offered you a partnership in a new firm that she expects to be exceedingly profitable. Your initial investment in the partnership would be $125,000. However, Jane cannot give you any odds on that success occurring. You have decided to keep your $125,000 and forego this opportunity simply because you don't know the probability of success. Which one of the following behavior characteristics do you have?

• A) Aversion to ambiguity.
• B) Recency bias.
• C) Sentiment-based risk aversion.
• D) Clustering illusion.
• E) Money illusion.

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