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The local school district wants to close down a neighborhood high school because its outdated heating and cooling systems make it too expensive to operate compared to the new high school being built nearby.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:

Ambiguous Qualifications

Credentials or experiences that are unclear or not specific, often leading to uncertainty about someone's suitability for a role.

Job Applicant

An individual who applies for a position within an organization and undergoes the selection process.

Implicit Association Test (IAT)

A psychological test designed to detect the strength of a person's automatic association between mental representations of objects (concepts) in memory.

Racial Prejudices

Preconceived opinions or judgments about individuals or groups based on their race, often without full knowledge or facts.