Author Question: Martie had arranged for a high-profile speaker to deliver the keynote address at her college's ... (Read 154 times)

Davideckstein7 · **on:** Jul 7, 2018

Martie had arranged for a high-profile speaker to deliver the keynote address at her college's annual function. However, due to unforeseen circumstances, the speaker was forced to drop out at the last moment.

Martie reacts to this news by saying, I knew all along that this would happen. This is an example of the ________.
A) anchoring effect
B) availability bias
C) self-serving bias
D) hindsight bias

Question 2

The sunk costs error occurs when decision makers forget that current choices cannot correct the past.

Indicate whether the statement is true or false.