Which situation best reflects loss aversion, even if the choice isn’t the smartest financially?
Module 1 - Money Mindsets - Chapter 4 Quiz

Quiz
•
Financial Education
•
12th Grade
•
Hard
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5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Selling an old game to get cash for something better
Not buying new headphones because you’re saving
Holding onto a product you don’t use just because you paid for it
Buying a discounted item before it goes back to full price
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A student spends all their birthday money on snacks instead of saving for a new tablet. Which bias most likely influenced their decision?
Status quo bias
Confirmation bias
Present bias
Anchoring
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A jacket is marked down from $120 to $75. You feel like you’re getting a great deal—even though $75 is over your budget. What bias are you experiencing?
Present bias
Anchoring
Loss aversion
Status quo bias
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You believe Brand X shoes are the best, so you ignore any reviews that say otherwise—even if they’re honest and helpful. Which bias is at play?
Anchoring
Loss aversion
Confirmation bias
Present bias
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You’ve always stored money in your piggy bank, and even though a savings account would help you earn interest, you don’t switch. What is the most likely reason for this behavior?
Anchoring
Status quo bias
Loss aversion
Confirmation bias
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