Joshua Is Tired of School as Well as His Part-Time

question 81

Multiple Choice

Joshua is tired of school as well as his part-time job and decides on the spur of the moment to take a weekend trip to Cabo San Lucas.He pays for it with his credit card,rather than with money from his checking account.Which type of irrational behaviour does this BEST represent?

• A) status quo bias
• B) mental accounting
• C) loss aversion
• D) risk aversion

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Definitions:

Nervous

Feeling anxious, worried, or apprehensive, often without a clear cause.

Terror

An intense, overwhelming fear, often experienced suddenly and with a high degree of psychological stress or discomfort.

Anxiety Sensitivity

A tendency to focus on one’s bodily sensations, assess them illogically, and interpret them as harmful.

Interpretation

The process of explaining or understanding the meaning of something, such as a text, action, or event, often based on personal perspectives or evidence.