Use the definition on the attached slides to explain what makes FOMO a cognitive bias.
a) FOMO (Fear of Missing Out) leads individuals to overestimate the benefits of participating in an activity and underestimate the costs of missing out.
b) FOMO distorts perception by causing individuals to focus excessively on the potential rewards of an activity while disregarding its potential drawbacks.
c) FOMO results from a cognitive bias wherein individuals irrationally prioritize immediate gratification over long-term satisfaction due to a fear of being left out.
d) FOMO involves a cognitive bias where individuals experience anxiety or distress when they perceive others to be enjoying experiences without them, leading to an irrational desire to constantly stay connected and engaged.
