Sally must submit a form to enroll in her company's flexible medical benefits program. although she has been employed over a year, she has yet to complete the form. which type of irrational behavior does this represent?
a. mental accounting
b. status quo
c. bias loss aversion
d. risk aversion

The correct answer is b) Status quo bias.

Explanation:

Status quo bias usually occurs in situations related to health, education, among others. The status quo bias is considered an emotional bias where the person presents irrational behaviors, since they prefer not to face the changes and that things remain the same. This usually happens even if they are small changes, but for the person, they will be big decisions.

It is said that the status quo bais is related to the loss aversion, where it is seen that the person chooses to avoid the loss to be able to win with the change.

In this case, although she has been working in the company for a while, she prefers not to fill out her insurance form and not face the change that will be beneficial for her, but she does not perceive it in the same way.

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