Your friends are all investing in a start-up company. You, on the other hand, refuse to invest in the company because you don't know the odds of it becoming successful. Which behavioral characteristic are you displaying?
A) Aversion to ambiguity
B) Recency bias
C) Sentiment-based risk aversion
D) Clustering illusion
E) Money illusion

Question

Quizplus · Accepted Answer

Aversion to ambiguity is the fear of uncertainty and the desire for clear information before making a decision. In this scenario, the individual is hesitant to invest because they do not know the odds of the start-up becoming successful, displaying aversion to ambiguity.

Your Friends Are All Investing in a Start-Up Company