Question

100% Question 5 ASU Home My AS 1 pts Which of the following example falls under "sunk cost fallacy" bias? Advertiser present information in a manner that influences how viewers interpret the information Viewing the cost of a car differently for buying vs. selling I might as well keep eating because I already bought the food Consumers will tend to have a specific change in preference between two options when presented with a third option

Answer 1

1. C. I might as well keep eating because I already bought the food.

Sunk cost fallacy represents the scenario where individuals commit to the sunk cost in a manner because they have previously invested in it in some form, be it capital or time.

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