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Richie Just Spent $1,000 Fixing His Car Even Though the Mechanic

Question 53

Multiple Choice

Richie just spent $1,000 fixing his car even though the mechanic told him the car will continue to need expensive repairs that may total more than the vehicle is worth. Richie is likely experiencing the _____.


A) personal fable
B) sunk cost fallacy
C) base rate neglect
D) invincibility fable

Correct Answer:

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