Which Type of Behaviour Is NOT a Common Mistake That

question 109

Multiple Choice

Which type of behaviour is NOT a common mistake that leads to irrational decisions?

• A) mental accounting
• B) loss aversion
• C) risk aversion
• D) misperceptions about opportunity costs

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Definitions:

Implications

Possible results or effects of an action or decision, often indirect or not immediately obvious.

Internal Locus

The belief that one has control over their own life and outcomes, as opposed to external forces having that control.

Physically Abused

Experiencing harm or injury to the body inflicted by another person.

Learned Helplessness

A condition in which a person suffers from a sense of powerlessness, arising from traumatic events or persistent failure.