12______________and __________contribute to ignoring sunk costs.
A)Confirmation trap / selective attention.
B)Illusion of transparency / extremism.
C)Fundamental attribution error / perspective taking.
D)Impact bias / expectations.

Question

Quizplus · Accepted Answer

The confirmation trap leads individuals to seek information that confirms their pre-existing beliefs or decisions, while selective attention refers to the tendency to focus on information that supports one's pre-existing beliefs or decisions. Both of these cognitive biases contribute to ignoring sunk costs, as individuals may overlook information that contradicts their sunk costs or may continue to invest resources based on their previous decisions, rather than objective analysis.

12______________and __________Contribute to Ignoring Sunk Costs

12____and Contribute to Ignoring Sunk Costs