Many people do not invest in 401K plans or other retirement plans—even though they are not broke, and could afford to put money aside. One explanation for this is the fact that people tend to engage in ____ when making decisions about how to manage their money.

Many people do not invest in 401K plans or other retirement plans—even though they are not broke, and could afford to put money aside. One explanation for this is the fact that people tend to engage in ____ when making decisions about how to manage their money.



a. reactance
b. the Zeigarnik effect
c. risk aversion
d. temporal discounting






Answer: D


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