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Imagine That, After Having Repaired Your Old Car Three Times

Question 6

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imagine that, after having repaired your old car three times in the last few months for similar faults, you now face the choice of spending money yet again for a further repair or buy a new vehicle. What behavioural bias will likely push you toward a further repair as you will have the feeling otherwise that all previous efforts were in vain?


A) Sunk-cost fallacy.
B) Dunning-Kruger effect
C) Anchoring.
D) Endowment effect.

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