Hyun-Ji is planning for her retirement in 15 years. She currently lives comfortably on 45,000 per year. Based on her family history she expects to live only ten years after she retires. Thus, she computes her retirement need as 45,000 per year for ten years. This behavior best illustrates which one of the following characteristics?
1) Endowment effect
2) Myopic loss aversion
3) Self-attribution bias
4) Money illusion
5) Regret aversion
