Answer:
Answer is option A, i.e. True.
Explanation:
The National Response Framework is a regarded as a comprehensive guide to deal with various emergencies and disasters that may threaten the normal ongoing process of a nation. This guide provides all the details regarding the prevention, protection, response,, and recovery from different types of dangerous situation that might adversely affect the well being of the nation.
The study of an agent's or individual's decisions is known as decision theory. The official decision-making process concludes with evaluation. Evaluating the consequences may assist the decision-maker in learning lessons that will help her make better decisions in the future.
- Loss aversion is the correct answer because the general notion of the "loss-aversion" theory is that if an individual is provided with two equal alternatives, one of which is presented in terms of prospective profits and the other in terms of potential losses, the former option will be chosen.
- Loss aversion is a cognitive bias or psychological phenomenon that explains why the agony of losing is twice as powerful psychologically as the pleasure of winning.
Therefore, representativeness, cognitive bias, and overconfidence are not factors relative to an arbitrary decision distortion. So, Loss aversion is the correct response to the question.
For more information regarding arbitrary baseline, refer to the link:
brainly.com/question/11224360
<span>The opportunity cost is $8 for buying the dozen donuts. Even though the prices are the same, there is still the cost of the foregone entertainment that will not be enjoyed because of the purchase of the donuts. Had the donuts not been purchased, one would have gone to see the movie, and now this will not happen due to the donut purchase.</span>
Answer:
obtaining a low interest rate on a loan
Explanation:
