Ramon Opened a Combination Laundry and Dry Cleaning Establishment Three

Ramon opened a combination laundry and dry cleaning establishment three years ago.Due to his excellent service and reasonable prices,his business has grown and is doing quite well financially.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 behavior characteristics?

A) self-attribution bias
B) overconfidence
C) regret aversion
D) house money effect
E) frame dependence

Correct Answer:

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