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Indicate which one of the following biases/fallacies are of concern in this case. My last car repair cost me $200. This time the mechanic said
Indicate which one of the following biases/fallacies are of concern in this case. My last car repair cost me $200. This time the mechanic said that my car needs repairs that will cost over $1000. What a rip off! Question 18 options: No bias of concern in this case. Anchoring Confirmation Bias Belief Bias Availability Cascade Declinism Sunk Cost Fallacy Gambler's Fallacy Stereotyping Authority Bias Blind Spot Bias
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In this case the relevant bias of concern is Sunk Cost Fallacy Explanation Sunk Cost Fallacy refer...
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