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Question
Your cousin Vicky remodeled an old beach house last year. Vicky put on a new roof and shelled the driveway. This year, he needs to upgrade the electricity and replace most of the plumbing. You asked him, "Why don't you just sell?" Vicky waved a stack of invoices in your face and said, "I already put this much money into the place!" This statement is an example of the _______________ type of judgment error.
A. availability
B. escalation of commitment
C. anchoring and adjustment
D. confirmation
E. overconfidence
Answer
This answer is hidden. It contains 173 characters.
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