What Is the Term for a Characteristic That Can Be

question 160

Multiple Choice

What is the term for a characteristic that can be easily assessed prior to purchase,such as the softness of a mattress or the colour of curtains?

• A)search quality
• B)intangible attribute
• C)experience quality
• D)heterogeneity feature

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Definitions:

Loss Aversion

A psychological principle stating individuals prefer avoiding losses to acquiring equivalent gains.

Regret Avoidance

A cognitive process that leads investors to make decisions in a way that minimizes the regret they might feel from taking or not taking certain actions.

Mental Accounting

The tendency of individuals to allocate and segregate their personal finances into separate accounts based on subjective criteria, often leading to irrational financial decision-making.

Technical Trading Strategies

Methods used by traders that rely on technical analysis and market indicators to make buy or sell decisions.