Phyllis Is Planning for Her Retirement in 15 Years

Phyllis is planning for her retirement in 15 years. She currently lives comfortably on $38,000 a year given that she is debt-free. Based on her family history she only expects to live ten years after she retires. Thus, she computes her retirement need as $38,000 a year for ten 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