Refer to the Scenario Below to Answer the Following Questions

Multiple Choice

Refer to the scenario below to answer the following questions.
The Loaned Car (Scenario)
Colleen is a student, and her older brother has loaned her an old car. The car is in need of several repairs before she will feel comfortable driving it.
-Colleen's brother feels that the car is worth repairing because he has owned several cars made by the same manufacturer, and he has driven this particular car for several years. He also points out that he has invested hundreds of dollars in maintenance and repairs over the years, so it is obviously worth investing in new repairs to keep it running. Colleen's brother appears to be basing his decision on __________ but may also be making an error known as __________.

A) intuition; confirmation bias
B) escalation of commitment; hindsight bias
C) satisficing; hindsight bias
D) framing bias; overconfidence bias
E) intuition; sunk costs error