Author Question: Which of these is an example of the sunk cost effect? a) Sally is too sick to go out, but decides ... (Read 94 times)

lak · **on:** Jun 20, 2018

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 from a scalper.

Question 2

Porcelli and Delgado (2009) investigated the effects of acute stress on framing effects in decision making. They found that:

a) acute stress reversed the typical framing effect.
b) acute stress accentuated the typical framing effect.
c) acute stress had no influence on the typical framing effect.
d) the framing effect obtained depended on the particular nature of the stressor.