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jackie put a $400 deposit on a new sofa. she has since found a different sofa that she likes better, but she still plans to buy the first one so as not to lose her deposit. jackie is subject to

Sagot :

Narayankutty

Jackie is subjected to a sunk cost fallacy since she had put a $400 deposit on a new sofa but still plans to buy the first one so as to not lose her profit.

What is a Sunk cost fallacy?

The situation where someone is unwilling to change course after investing a lot of time and money into it, even though it is obvious that doing so would be better.

The Sunk Cost Fallacy describes our propensity to continue with a project after devoting time, money, or effort to it, regardless of whether the current costs outweigh the benefits.

If we have already made an investment in anything, whether it be a monetary one or the time we put into making the choice, we are more inclined to continue with it. By doing so, we frequently ignore information that suggests we made the wrong choice, such as illness or unfavorable weather that affected the event.

To learn more about Sunk cost fallacy refer to:

https://brainly.com/question/26666530#

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