General Studies · Cognitive Psychology - Decision Making
Which of the following best illustrates the sunk cost fallacy in everyday life?
- 1Quitting a job to start a new business.
- 2Changing a major because of personal interest.
- 3Investing in education based on potential future earnings.
- 4Continuing to watch a boring movie because you already paid for the ticket.✓
Correct answer
Continuing to watch a boring movie because you already paid for the ticket.
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