Author Question: People who violate the sunk cost principle often a. attribute random fluctuations in the stock ... (Read 72 times)

crobinson2013 · **on:** Jun 22, 2018

People who violate the sunk cost principle often

a. attribute random fluctuations in the stock market to predictable causes, thereby increasing the likelihood thatself-fulfilling prophecies will occur.
b. feel entrapped by their own initial commitments to some failing course of action but continue to pursue it in aneffort to justify their prior decisions.
c. wait too long before making their investment decisions, thereby passing up the opportunity to buy stocks whenthey are least expensive.
d. base their decisions purely on economic rules and ignore the psychological implications of their actions.

Question 2

The concepts of ostracism and conformity are related in that

a. failure to conform can lead to ostracism.
b. being ostracized typically reduces future conformity.
c. ostracism always comes before conformity.
d. when people do not conform, they typically tend to ostracize.