Nathan Does Not Realize That He Can Reach His Office

question 24

Multiple Choice

Nathan does not realize that he can reach his office faster by taking several side roads because he has always used the highway without any problems.Nathan is suffering from

• A) an algorithm.
• B) overconfidence.
• C) belief perseverance.
• D) a fixation.

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Definitions:

Defined Contribution Plan

A retirement plan where both the employee and employer contribute to an account, with the final benefit dependent on account performance.

Risk-free Return

The theoretical return on an investment with no risk of financial loss, typically less than the return on riskier investments.

Defined Contribution Plan

A retirement plan where an employee, employer, or both make contributions on a regular basis, with future benefits fluctuating based on investment earnings.