Which of These Is an Example of the Sunk-Cost Effect

question 5

Multiple Choice

Which of these is an example of the sunk-cost effect?

• A)Sally is too sick to go out,but decides to attend the play since she paid $40 for the ticket.
• B)Jenny relents to the high-pressure sales person and spends $550 on accessories she doesn't need.
• C)Despite continued losses,Tony continues to play the ponies at the local track.
• D)Aaron has a decent seat for the basketball game,but decides to upgrade them by buying much better seats

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Definitions:

Older Children

Refers to children who are in the later stages of childhood, typically considered to be ages 9 to 12.

Psychoanalysis

A therapeutic approach and theory of psychological disorders developed by Sigmund Freud, focusing on unconscious processes as they are manifested in a person's behavior.

Conscious Thought

The awareness of one's own mental processes, including thoughts, feelings, and sensations.

Unconscious Thought

A rephrased definition: The processing of information or decision-making that occurs without conscious awareness, influencing behaviors and attitudes.