Nikos has the opportunity to start his own business doing what he loves. However, in order to do this, he would have to liquidate all of his resources. He would even have to sell his home and use all his savings. He finally decides that he has too much to lose and sticks with his current job, which is less fulfilling but offers a guaranteed fixed income. Nikos is making his decision based on ____.
A)temporal discounting
B)error management theory
C)learned helplessness
D)risk aversion

Question

Quizplus · Accepted Answer

Nikos is making his decision based on risk aversion, as he prefers to avoid the potential losses associated with starting a new business, choosing instead the security of his current job with a guaranteed income.

Nikos Has the Opportunity to Start His Own Business Doing