question 10 of 14\nwhat does the sunk cost fallacy lead individuals to do?\nselect an answer from the…

question 10 of 14\nwhat does the sunk cost fallacy lead individuals to do?\nselect an answer from the options below\na justify further investments based on previously incurred costs\nb place undue emphasis on the first piece of information received\nc value something more because they own it\nd only stick with an underperforming investment if a very large amount of money was invested.\nquestion 11 of 14\nwhich bias can cause someone to sell an asset quickly to secure a profit, fearing future losses?\nselect an answer from the options below\na endowment effect\nb anchoring bias\nc loss aversion\nd mental accounting

question 10 of 14\nwhat does the sunk cost fallacy lead individuals to do?\nselect an answer from the options below\na justify further investments based on previously incurred costs\nb place undue emphasis on the first piece of information received\nc value something more because they own it\nd only stick with an underperforming investment if a very large amount of money was invested.\nquestion 11 of 14\nwhich bias can cause someone to sell an asset quickly to secure a profit, fearing future losses?\nselect an answer from the options below\na endowment effect\nb anchoring bias\nc loss aversion\nd mental accounting

Answer

Brief Explanations:

  • For question 10, the sunk - cost fallacy is about making decisions based on past, non - recoverable costs. People often justify further investments due to these past costs.
  • For question 11, loss aversion is the tendency to prefer avoiding losses to acquiring equivalent gains, which can lead someone to sell an asset quickly to secure a profit and avoid future losses.

Answer:

Question 10: A. justify further investments based on previously incurred costs Question 11: C. Loss aversion