Multiple Choice
Luke and Mia are selling their home. They listed their house three months ago at an extremely high selling price, a price they randomly chose. They do not want to reduce the price to reflect what the marketplace shows their home is really worth. Luke and Mia are participants in ________ bias.
A) blind
B) ego
C) confirmation
D) sunk-cost
E) anchoring and adjustment
Correct Answer:
Verified
Correct Answer:
Verified
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