QuestionJune 7, 2025

The worst mistake people make is mental accounting. True False

The worst mistake people make is mental accounting. True False
The worst mistake people make is mental accounting.
True
False

Solution
4.2(306 votes)

Answer

False Explanation Mental accounting refers to the cognitive process where individuals categorize and treat money differently based on subjective criteria. While it can lead to poor financial decisions, labeling it as the "worst mistake" is subjective and varies by context.

Explanation

Mental accounting refers to the cognitive process where individuals categorize and treat money differently based on subjective criteria. While it can lead to poor financial decisions, labeling it as the "worst mistake" is subjective and varies by context.
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