Thanh purchased a stock last year for $25 per share. The stock increased in value to $29 per share before declining to its current value of $20. Thanh has decided to sell the stock, but only if he can receive $25 per share or better. This behavior best illustrates which one of the following characteristics?

Multiple Choice

• Representativeness heuristic

• House money

• Loss aversion

• Randomness

• Myopic loss aversion