Les Just Bought a Megaphone of Root Beer

question 74

Multiple Choice

Les just bought a megaphone of root beer. As he drinks from the giant cup, he eventually becomes full. One of his friend's comments, "If you don't stop drinking that stuff, you will get sick." Les replies, "Hey, I bought it, and I am not going to waste one drop of it." Les's behavior best illustrates ________.

• A) loss aversion
• B) hyperopia
• C) risk positioning
• D) the sunk-cost fallacy

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Definitions:

Secondary Education

The stage of education following primary education, usually provided in high schools, vocational schools, and colleges, preparing students for college, vocational training, or direct entry into employment.

Stereotype Threat

The risk of confirming negative stereotypes about one's social group, which can negatively impact performance and behavior.

Affirmative Action

Policies and practices within organizations designed to promote opportunities for historically socio-politically disadvantaged groups.

Prevalence

The proportion of a population found to have a particular condition or trait at a specific time.