A(n)________ Occurs When Decision Makers Incorrectly Fixate on Past Expenditures

Multiple Choice

A(n) ________ occurs when decision makers incorrectly fixate on past expenditures of time,money,or effort in assessing choices rather than focusing on future consequences.

A) anchoring effect
B) confirmation bias
C) overconfidence bias
D) sunk costs error
E) self-serving bias