If You Exhibit the Endowment Effect as a Decision Maker

question 285

Multiple Choice

If you exhibit the endowment effect as a decision maker, then you are

• A)deciding on the basis of sunk costs.
• B)buying something you can't really afford because you expect to save in the future.
• C)ignoring non-monetary opportunity costs.
• D)consuming based on celebrity endorsements.

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Definitions:

Wireless System

Technology enabling the transmission of data over distances without the need for wires or cables, using electromagnetic waves.

Satellites

Man-made objects placed in orbit around the Earth or other celestial bodies, used for communication, navigation, or observation.

Wi-Fi

A wireless networking technology that allows computers, smartphones, and other devices to communicate over a short distance via radio waves without requiring physical connections.

Disadvantages

The negative aspects or drawbacks associated with a situation, process, or decision.