What Is the Best Definition of Myopic Loss Aversion

question 69

Multiple Choice

What is the best definition of myopic loss aversion?

• A) The tendency to focus on avoiding short-term losses, even at the expense of long-term gains.
• B) The tendency to avoid making a decision because you fear that the decision would have been less than optimal.
• C) The tendency to consider something that you own to be worth more than it would be if you did not own it.
• D) Confusion between real buying power and nominal buying power.
• E) The reliance on instinct instead of analysis in making decisions.

---

Definitions:

Easy To Use

Describes a product, service, or system that is straightforward and simple for users to operate or navigate.

Informative Nomenclature

A system of names used in an art or science for the purpose of classification and organization.

Navigational Flow

The path users follow when interacting with a website or application, crucial for usability and user experience.

Versatility

The ability to adapt or be adapted to many different functions, activities, or situations.