Multiple Choice
A person is more likely to drive across town to save $5 on the purchase of a $10 calculator than drive across town to save $5 on the purchase of a $100 coat. This best describes the behavioral bias of _____.
A) sunk cost fallacy
B) hyperbolic discounting
C) falling prey to framing effects
D) overconfidence
Correct Answer:
Verified
Correct Answer:
Verified
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