AJ pays full price to view The Avengers at the multiplex. After three minutes of viewing, he realizes that the movie is worse than anything he could be watching on TV at home. Yet he stays to the end, “because I paid $9 for the ticket.” What behavioral bias has AJ fallen victim to? Explain
AJ pays full price to view The Avengers at the multiplex. After three minutes of viewing, he realizes that the movie is worse than anything he could be watching on TV at home. Yet he stays to the end, “because I paid $9 for the ticket.” What behavioral bias has AJ fallen victim to? Explain
Ciccarelli: Psychology_5 (5th Edition)
5th Edition
ISBN:9780134477961
Author:Saundra K. Ciccarelli, J. Noland White
Publisher:Saundra K. Ciccarelli, J. Noland White
Chapter1: The Science Of Psychology
Section: Chapter Questions
Problem 1TY
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Question
AJ pays full price to view The Avengers at the multiplex.
After three minutes of viewing, he realizes that the movie
is worse than anything he could be watching on TV at
home. Yet he stays to the end, “because I paid $9 for the
ticket.” What behavioral bias has AJ fallen victim to?
Explain
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