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Gill bought a used copy of a book for $ 1 at a library sale. He definitely wouldn't have paid more than $ 2 for
Gill bought a used copy of a book for $ at a library sale. He definitely wouldn't have paid more than $ for the book. However, after he finishes reading the book, he puts it up for sale in his yard sale charging $ This is an example of:
A ignoring the base rate
B representativeness heuristic
C anchoring
D availability bias
E the endowment effect
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