You Have Saved a Total of $200,000 Over the Past

question 38

Multiple Choice

You have saved a total of $200,000 over the past several years.Jane,a trusted business associate,recently approached you with an offer.She has offered you a partnership in a new firm that she expects to be exceedingly profitable.Your initial investment in the partnership would be $125,000.However,Jane cannot give you any odds on that success occurring.You have decided to keep your $125,000 and forego this opportunity simply because you don't know the probability of success.Which one of the following behavior characteristics do you have?

• A)aversion to ambiguity
• B)recency bias
• C)sentiment-based risk aversion
• D)clustering illusion
• E)money illusion

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Definitions:

Impossible

Something that cannot be done, achieved, or accomplished within the known limits of reality or possibility.

Pedophile Priests

Refers to members of the clergy who have committed sexual abuse against minors, a scandal that has notably impacted various religious institutions.

Celibate

Pertaining to abstaining from marriage and sexual relations, often for religious, spiritual, or personal reasons.

Male Peer Support Theory

A theory suggesting that the attitudes and behaviors of male peers can influence an individual's likelihood of committing violence against women.