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In class, we discussed an experiment in which participants were asked to imagine that they were developing new camping tent material and found out that
In class, we discussed an experiment in which participants were asked to imagine that they were developing new camping tent material and found out that a competitor had already developed a superior material. Then, the st group of participants was offered to sell the material they developed to a roofer for $ and asked whether they would abandon their project. The nd group of participants was offered to sell their material as scrap for $ and asked whether they would abandon their project. The nd group refused selling their material and decided to continue working on this project further.
Which of the following statements is are true about the decisionmaking strategies used by the participants of this experiment?
Statement A The st group made a fundamental attribution error
Statement B The st group used the availability heuristic
Statement The st group demonstrated escalation of commitment
Statement D The nd group made a fundamental attribution error
Statement E The nd group used the availability heuristic
Statement The nd group demonstrated escalation of commitment
Statement and Statement are true
Only Statement is true
Statement A and Statement are true
Only Statement is true
Statements C and Statement D are true
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