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) False fallacy.
C) Self-attribution bias.
D) Mental accounting.
E) Regret aversion.
Correct Answer:
Verified
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