Ramon Opened a Combination Laundry and Dry Cleaning Establishment Three

Ramon opened a combination laundry and dry cleaning establishment three years ago that is quite successful. He has considered expanding this business by opening another location but keeps putting off that decision for fear that the second location will not be a success. Ramon is currently displaying which one of the following behavioral characteristics?

A) Self-attribution bias
B) Overconfidence
C) Regret aversion
D) House money effect
E) Frame dependence

Correct Answer:

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