Which of the following factors does not potentially cause preference reversal:
A)singular vs.comparative evaluation
B)the compatibility principle
C)the framing effect
D)the sunk cost effect
E)All of the above potentially cause preference reversals.

Question

Quizplus · Accepted Answer

The sunk cost effect refers to the tendency to continue an endeavor once an investment in money, effort, or time has been made, which does not directly cause preference reversal. Preference reversal typically occurs when a decision's context or presentation changes, such as through singular vs. comparative evaluation, the compatibility principle, or the framing effect, but not due to the commitment to past investments as described by the sunk cost effect.

Which of the Following Factors Does Not Potentially Cause Preference