Over the past six months, you have watched as your parent's retirement savings have declined in value by 45 percent

Over the past six months, you have watched as your parent's retirement savings have declined in value by 45 percent due to a severe financial market downturn. As a result, you have decided that you will never invest in stocks for your own retirement but will instead keep all of your money in an insured bank account. Which behavior characteristic have you developed as a result of the market downturn?    A.  myopic loss aversion B.  get-evenitis C.  self-attribution bias D.  mental accounting E.  regret aversion Refer to section 22.3

24.

Ramon opened a combination laundry and dry cleaning establishment three years ago. Due to his excellent service and reasonable prices, his business has grown and is doing quite well financially. He has considered expanding this business by opening another location but keeps putting off that decision for fear that the second location will not be a success. Ramon is currently displaying which one of the following behavior characteristics?    A.  self-attribution bias B.  overconfidence C.  regret aversion D.  house money effect E.  frame dependence Refer to section 22.3

25.

Phyllis is planning for her retirement in fifteen years. She knows that she can currently live reasonably well on $38,000 a year given that she is debt-free. Based on her family history she expects to die ten years after she retires. Thus, she computes her retirement need as $38,000 a year for 10 years. Which one of the following behaviors applies to Phyllis?    A.  regret aversion B.  money illusion C.  self-attribution bias D.  endowment effect E.  myopic loss aversion Refer to section 22.3

26.

Kate is attempting to sell her house for $260,000. Fred lives across the street in an identical house. Fred recently stated to his wife that Kate's house is probably worth only $250,000 but that once she sells her house, he would like to put their house on the market at $285,000 and then move into a condominium. Which one of the following behaviors applies to Fred?    A.  myopic loss aversion B.  house money effect C.  money illusion D.  self-attribution bias E.  endowment effect Refer to section 22.3