Arnold wears suits every day to his job at the bank, but when he ...

[lilldybug07]

Arnold wears suits every day to his job at the bank, but when he is at home in the evening and on weekends, he spends most of his time naked because that is what he finds most comfortable. Arnold's daytime behavior illustrates
 
  a. perceptual contrast.
  b. private conformity.
  c. conversion.
  d. public conformity.

Question 2

The tendency for people to sell stocks that have risen too early and hold stocks that have declined for too long is called the
 
  a. endowment effect.
  b. disposition effect.
  c. escalation effect.
  d. sunk cost principle.

[vseab]

Answer to Question 1

d

Answer to Question 2

b