Even Though She Is Not in Desperate Need of Boots

question 88

Multiple Choice

Even though she is not in desperate need of boots, Ellen says that she would rather buy a pair of boots today (for $200) rather than wait two weeks, when they will be on sale for half the price. Ellen's decision most likely involves ____.

• A) temporal discounting
• B) risk aversion
• C) the status quo bias
• D) the omission bias

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Definitions:

Married

Being in a legal or recognized union with a spouse, typically involving a public declaration of commitment.

Gave Birth

The act of delivering a baby or babies, concluding pregnancy.

Attachment Anxiety

A condition in which individuals feel significant anxiety about their relationships due to fears of abandonment or not being sufficiently close to others.

Friendships

Socially reciprocal relationships between two individuals, characterized by mutual affection, support, and a sense of belonging.