Multiple Choice
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.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: _ is the cognitive impression that is
Q2: As the perceived risk (the likelihood of
Q3: Opinions are cognitive (i.e. based on thoughts).
Q4: In marketing, the term _ refers to
Q5: Personality can be defined as that aspect
Q7: when we want to sell our old
Q8: Skin Whitening Lotion sold particularly in Southeast
Q9: Providing free samples of perfumes (scent) in
Q10: A variety of memorization processes affect consumer
Q11: Bollywood cinema aimed at audiences in the