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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 1st group of participants was offered to sell the material they developed to a roofer for $5,000 and asked whether they would abandon their project. The 2 nd group of participants was offered to sell their material as scrap for $5,000 and asked whether they would abandon their project. The 2 nd group refused selling their material and decided to continue working on this project further.
Which of the following statement(s) is (are) true about the decision-making strategies used by the participants of this experiment?
Statement A. The 1st group made a fundamental attribution error
Statement B. The 1st group used the availability heuristic
Statement C. The 1st group demonstrated escalation of commitment
Statement D. The 2nd group made a fundamental attribution error
Statement E. The 2nd group used the availability heuristic
Statement F. The 2 nd group demonstrated escalation of commitment
Statement B and Statement D are true
Only Statement F is true
Statement A and Statement E are true
Only Statement A is true
Statements C and Statement D are true
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