Adrian Recently Survived a Killer Tsunami While Vacationing in Thailand

question 96

Multiple Choice

 Adrian recently survived a killer tsunami while vacationing in Thailand.Now,Adrian believes that another tsunami is very likely to occur.As a result,he is selling his Florida beach home and moving to Kansas.  Which of the following best explains Adrian's behavior?​ 

• A)the representativeness heuristic
• B)the availability heuristic
• C)deductive reasoning
• D)loss aversion

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Definitions:

Holder In Due Course

A legal status given to a person who has acquired a negotiable instrument in good faith and for value, affording them certain rights free of defenses.

Negotiable Instrument

A written document guaranteeing the payment of a specific sum of money to a person or entity, with the ability to be transferred to another holder.

Personal Defenses

Legal arguments that an individual can use to avoid enforcement of a contract or document due to personal circumstances, such as fraud, duress, or incapacity.

Restrictive Indorsement

An endorsement on a negotiable instrument (like a check) that limits the way the instrument can be used or further negotiated.