Lamont has a 42-inch high definition television that he purchased for $1200 six months ago. He's decided to replace it with a larger 60-inch television, and tries to sell the smaller one for $1100 . He finds that nobody will buy it, and tells prospective buyers "it is almost brand now and I'm selling it for less than it cost when I bought it!" Lamont fails to recognize that the same televisions
can now be purchased for $800, and he is inflating the value of his television just because he owns it. This is called the
a. endowment effect.
b. disposition effect.
c. escalation effect.
d. sunk cost principle.
a
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With the right genes and environment, and with the good fortune to avoid serious injuries or illnesses, people have a maximum life span of about how many years?
A. 100 B. 110 C. 115 D. 120
People with which kind of adult attachment style are least likely to fall in love?
A. Secure B. Anxious-ambivalent C. Avoidant D. Dependent
Emily has an STD. Her symptoms include pain during urination and intercourse. Her doctor has told Emily that, if left untreated, this STD is the leading cause of infertility in women. Emily has
a. HIV/AIDS. b. Human Papillomavirus. c. Herpes. d. Chlamydia.
Terror management starts with the proposition that
a. awareness of one's own death leads to angst. b. it is failure to control fears that leads to problematic behavior. c. people respond to terror by avoiding anything with meaning or value. d. None of these answers are correct.