A person who is,all else equal,more willing to throw away a $20 shirt than a $200 shirt,even if both are worn out,is:

Name: A person who is,all else equal,more willing to throw away a $20 shirt than a $200 shirt,even if both are worn out,is:
Brand: Quizplus
Rating: 4.8 (46 reviews)

Question

Quizplus · Accepted Answer

This behavior is an example of the sunk cost fallacy, where the person's decision is influenced by the initial cost of the shirt rather than its current value or utility, leading them to treat the two shirts differently despite both being worn out.

A Person Who Is,all Else Equal,more Willing to Throw Away