Multiple Choice
Phillip and Meg 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 come down on their price to reflect what the marketplace shows their home is really worth.This is an example of ______.
A) blind bias
B) ego bias
C) confirmation bias
D) sunk-cost bias
E) anchoring and adjustment bias
Correct Answer:
Verified
Correct Answer:
Verified
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