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?
a) Endowment effect
b) Myopic loss aversion
c) Self-attribution bias
d) Money illusion