Peter Said, "It's Time to Bring Our Troops Home from Afghanistan

question 4

Multiple Choice

Peter said, "It's time to bring our troops home from Afghanistan." Ava responded, "We need to keep our troops in Afghanistan or the deaths of all the soldiers who lost their lives fighting will be wasted." What behavior economics bias was Ava committing?

• A) mental accounting
• B) nominal loss aversion
• C) rational ignorance
• D) sunk cost fallacy

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Definitions:

Suicide Statistics

Quantitative data regarding the frequency and characteristics of suicide, often used in research and public health strategies to inform prevention efforts.

Traffic "Accidents"

Incidents on the road leading to damage or injury, often referred to as accidents, though many argue that most are preventable and thus not truly accidental.

Medication Overdoses

The act of taking a medication in quantities greater than advised, which can lead to serious health risks or even death.

Financial Losses

Monetary deficits that occur when expenses exceed revenues, causing a negative financial impact on individuals or businesses.