Phyllis Is Planning for Her Retirement in Fifteen Years

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.