If a star college quarterback turns down a multimillion-dollar offer from the NFL to return for his senior year of college,he may be exhibiting:

Question

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The quarterback may be misperceiving the opportunity costs of returning to college for his senior year. While he may enjoy the experience and potentially improve his draft stock for the following year, he is passing up a guaranteed multimillion-dollar contract and the opportunity to start his professional career early. This decision could be a result of not fully understanding the value of the opportunity cost or being biased towards staying in his familiar college environment.

If a Star College Quarterback Turns Down a Multimillion-Dollar Offer