Andile and his wife are making some important financial decisions and cannot seem to agree on what they should or should not do.The preference for avoiding certain types of risks is consistent with ____ theory.

Question

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Error management theory suggests that individuals tend to avoid risks that could lead to costly mistakes or errors. Andile and his wife may be exhibiting this preference as they are being cautious about their financial decisions and not wanting to make any costly mistakes. The other three options do not fully explain why Andile and his wife are struggling to make financial decisions.

Andile and His Wife Are Making Some Important Financial Decisions