Question

question 3 (1 point) you go to a restaurant and order a big meal. even though youre full, you keep eating because it was expensive. this is an example of a mental accounting b the sunk cost fallacy c fear of missing out d the endowment effect

Explanation:

The sunk - cost fallacy occurs when people continue an action because of the resources (time, money, etc.) already invested, even when it no longer makes rational sense. In this case, the person keeps eating because they've already paid for the expensive meal, despite being full. Mental accounting is about categorizing money in different mental accounts. Fear of missing out is about the anxiety of missing an opportunity. The endowment effect is about people valuing things they own more.

Answer:

B. The Sunk Cost Fallacy