Author Question: Many people do not invest in 401K plans or other retirement planseven though they are not broke, and ... (Read 57 times)

kodithompson · **on:** Jun 22, 2018

Many people do not invest in 401K plans or other retirement planseven though they are not broke, and could afford to put money aside. One explanation for this is the fact that people tend to engage in ____ when making decisions about how to manage their money.

a. reactance
b. the Zeigarnik effect
c. risk aversion
d. temporal discounting

Question 2

Alicia and her friends are singing karaoke. Alicia is an extremely talented singermuch better than her friends. She feels awkward about being so good, however, so she sort of fakes bad; she doesn't want her friends to be envious of her singing talent. Social psychologists would say that Alicia is experiencing ____.

a. sensitivity about being the target of threatening downward comparison
b. sensitivity about being the target of threatening upward comparison
c. the commons dilemma
d. audience inhibition