Kate is attempting to sell her house for $260,000.Fred lives across the street in an identical house.Fred recently stated to his wife that Kate's house is probably worth only $250,000 but that once she sells her house,he would like to put their house on the market at $285,000 and then move into a condominium.Which one of the following behaviors applies to Fred?
A) myopic loss aversion
B) house money effect
C) money illusion
D) self-attribution bias
E) endowment effect
Correct Answer:
Verified
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