Which of the Following Is Probably an Example of the Irrational

question 60

Multiple Choice

Which of the following is probably an example of the irrational treatment of sunk costs?

• A)Jim studied the computer output for two hours before the big meeting, but he couldn't use the information.Before the next meeting he studied the output for four hours.
• B)Mary obtained much more information than she needed in order to make a decision on the leasing arrangement.
• C)Janine had her travel agent book two flights for her to New York so that she was certain not to miss the big meeting.
• D)The pilot feared landing on the remote airstrip because there had been an accident there the day before.
• E)The company president decided to cancel the expansion project even though construction work had already begun.