The Local School District Wants to Close Down a Neighborhood

question 137

Multiple Choice

The local school district wants to close down a neighborhood high school because its outdated heating and cooling systems make it too expensive to operate compared to the new high school being built nearby. Parents who are against closing the neighborhood school argue that the $2 million spent refurbishing the school over the past few years will be wasted if the school is shut down. This argument is an example of

• A) a sunk cost fallacy.
• B) a framing bias.
• C) overconfidence.
• D) altruism.

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Definitions:

Variables

Elements, features, or factors that are liable to vary or change within a study or experiment.

Representative Sample

A smaller group taken from a larger population that accurately represents the characteristics of the whole population.

National Election

The process by which citizens of a country vote to choose representatives or leaders at a national level.

Causes

The reasons or factors that bring about an effect or a result.