Multiple Choice
Yesterday, Melinda bought a ticket for today's show. She has a migraine headache and normally would not go. However, she has already paid for the ticket, so she decides to go to the theater and get her money's worth. What behavioral bias is Melinda showing?
A) Being overconfident
B) Having self-control problems and using hyperbolic discounting
C) Falling prey to framing due to anchoring
D) Paying attention to sunk costs
Correct Answer:
Verified
Correct Answer:
Verified
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