Changing the description of a decision can cause us to change our reference points,leading to illogical preferences.This phenomenon is referred to as ______.

A) hindsight bias
B) the gambler's fallacy
C) availability
D) framing

Framing

The way information is presented or structured, affecting perception and decision-making.

Illogical Preferences

Choices or decisions made that contradict rational decision-making models or that do not follow logical consistency.

Reference Points

Specific targets or standards against which subsequent achievements, experiences, or the current status can be compared.