A Computer Store That Is 7 Miles from Your House

question 5

Multiple Choice

A computer store that is 7 miles from your house is selling a laptop for $800. The same laptop is selling for $825 at a store that is only 5 miles from your home. You decide that it is not worth
Your time and effort to drive the extra 2 miles. On the other hand, you drive 2 miles out of
Your way to buy gas at a gas station for $2.60 a gallon because the gas stations within a mile of
Your home price their gas at $2.70 a gallon, and your SUV holds 30 gallons of gas. What
Behavioral bias does this describe?

• A)compartmentalization
• B)relativism
• C)narcissism
• D)overconfidence

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Definitions:

Guided Imagery

A technique involving the use of mental images to help relax or heal the body.

Biofeedback

A technique that teaches individuals to control physiological processes such as heart rate, muscle tension, and blood pressure through real-time feedback.

Anxiolytics

Medications or substances that are used to reduce or alleviate anxiety and its related symptoms.

Physiological Responses

Refers to the body's automatic reactions to a stimulus, including changes in heart rate, blood pressure, respiration, and other bodily functions.