Jackson continues to put money into car repair even though he knows the car is a "lemon." This is an example of anchoring bias.

Name: Jackson continues to put money into car repair even though he knows the car is a "lemon." This is an example of anchoring bias.
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This is an example of the sunk cost fallacy, where individuals continue investing in something due to the amount already invested, rather than anchoring bias, which involves relying too heavily on the first piece of information encountered.

Jackson Continues to Put Money into Car Repair Even Though