Multiple Choice
Harry,a six-year-old boy,plays with his toys.He has three different types of toys: bus,train,and an airplane.When asked about the differences among the toys,Harry indicates that even though all the three are modes of transportation,only an airplane can actually fly.Which of the following best explains Harry's concept of his toys?
A) the prototype model
B) the endowment effect
C) the sunk cost fallacy
D) mathematical induction
Correct Answer:
Verified
Correct Answer:
Verified
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