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Eli wants to buy a red convertible and notices the local dealership is offering rebates. Eli decided to buy the car without comparing the model
Eli wants to buy a red convertible and notices the local dealership is offering rebates. Eli decided to buy the car without comparing the model to others. Eli's decision is an example of
optimization
escalation of commitment
an evidencebased decision
satisficing
a decision made under uncertainty
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