Multiple Choice
Suppose a baseball team offers a lottery for the random chance to buy season tickets at a deep discount. The fans who paid full price for season tickets are more likely to attend games than the fans who bought discounted season tickets. This best describes the behavioral bias of _____.
A) sunk cost fallacy
B) hyperbolic discounting
C) falling prey to framing effect
D) overconfidence
Correct Answer:
Verified
Correct Answer:
Verified
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