Purchase Solution

Comparing Behavioral Traps

Not what you're looking for?

Ask Custom Question

There are 5 different types of behavioral traps:

The Time Delay Trap
The Investment Trap
The Deterioration Trap
The Ignorance Trap
The Collective Trap

Which one of the 5 behavioral traps listed above do you believe is the easiest to fall into and which one is the easiest to avoid? Be sure to support your conclusions for each trap (avoid putting both findings and support in the same block paragraph).

Identify an example of how an individual may fall into one of the traps you identified. Be sure to clearly identify "which" trap the example relates toward as well as "why" it is applicable.

Purchase this Solution

Solution Summary

The response addresses the queries posted in 397 words with references.

Solution Preview

The response addresses the queries posted in 397 words with references.

As per the directions, we will write about the behavioral trap in which an individual can easily fall and the behavioral trap which can be easily avoided by an individual. It will assist in analyzing the different findings of the selected behavioral trap.

Behavioral Traps

Behavioral traps are described as a situation where an individual begins with assuring course of action that in the later situations becomes undesirable. In my opinion, time delay trap is easy to fall; here the future reward has a recognized value. On the other hand, investment trap can be easily avoided as it involves the honorable sunk cost. The honorable sunk cost doesn't involve higher money or huge ...

Solution provided by:
Education
  • MBA (IP), International Center for Internationa Business
  • BBA, University of Rajasthan
Recent Feedback
  • "Thank You so much! "
  • "Always provide great help, I highly recommend Mr. Sharma over others, thanks again. "
  • "great job. I will need another help from you. "
  • "first class!"
  • "Thank you for your great notes. Will you be willing to help me with one more assignment? "
Purchase this Solution


Free BrainMass Quizzes
Academic Reading and Writing: Critical Thinking

Importance of Critical Thinking

Team Development Strategies

This quiz will assess your knowledge of team-building processes, learning styles, and leadership methods. Team development is essential to creating and maintaining high performing teams.

Situational Leadership

This quiz will help you better understand Situational Leadership and its theories.

Accounting: Statement of Cash flows

This quiz tests your knowledge of the components of the statements of cash flows and the methods used to determine cash flows.

Introduction to Finance

This quiz test introductory finance topics.