Question

A soon as Jack receives his monthly paycheck, he automatically sets aside an amount in his mind that he can spend on eating out. This is an example of: Select one: a. deciding what attributes are important b. mental accounting c. inert set d. imperfect judgment e. self-positivity bias Clear my choice

Answer 1

Jack's habit of setting aside a specific amount from his paycheck for eating out is an example of mental accounting, which involves classifying and allocating money into different mental categories based on its intended purpose.

Step-by-step explanation:

Mental Accounting

Jack's habit of automatically setting aside a specific amount from his paycheck for eating out is an example of mental accounting.

Mental accounting refers to the practice of classifying and allocating money into different mental categories based on its source or intended purpose. In this case, Jack has mentally designated a portion of his paycheck as disposable income for dining out.

This behavior is an example of the cognitive bias known as imperfect judgment, where individuals make financial decisions based on subjective criteria rather than objectively optimizing their financial outcomes.

Answer 2

the answer is a

Step-by-step explanation: