Question

sarah bought an expensive phone case and now believes its the best case available, despite evidence suggesting cheaper alternatives work just as well. which bias is she most likely experiencing? overconfidence bias anchoring bias attentional bias endowment effect

Explanation:

The endowment effect occurs when people value an object they own more highly than its market - value or other similar objects. Sarah bought the phone case and now over - values it compared to cheaper alternatives, which is characteristic of the endowment effect. Overconfidence bias is about excessive self - belief in one's abilities or judgments. Anchoring bias is relying too much on an initial piece of information. Attentional bias is focusing on certain information while ignoring other relevant information.

Answer:

D. Endowment effect