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Joshua Is Tired of School and His Part-Time Job and Decides

Question 131

Multiple Choice

Joshua is tired of school and 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 behavior does this best represent?


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

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