You Have a Tendency to Take Credit for the Decisions

question 12

Multiple Choice

You have a tendency to take credit for the decisions you make that have good outcomes even when those outcomes are out of your control. On the other hand, you blame bad luck for your decisions that turn out badly. Which of these terms applies to you?

• A) Myopic loss aversion
• B) House money effect
• C) Money illusion
• D) Self-attribution bias
• E) Endowment effect

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Definitions:

Norepinephrine

A neurotransmitter involved in the body's fight or flight response, affecting mood and energy levels.

PET Scan

A diagnostic imaging test using a radioactive substance to show how your tissues and organs are functioning.

Hippocampus

A sector of the brain connected with the development, arrangement, and preservation of memory.

Alzheimer's

A progressive neurodegenerative disorder characterized by memory loss, cognitive decline, and personality changes, leading to severe dementia.