Rasheed continues to put money into car repair even though he knows the car is a waste of money. This is an example of the availability bias.

Question

Quizplus · Accepted Answer

This is an example of the sunk cost fallacy, not availability bias. The sunk cost fallacy involves continuing an endeavor due to previously invested resources, while availability bias involves relying on immediate examples that come to mind.

Rasheed Continues to Put Money into Car Repair Even Though