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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