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Alan Krueger conducted a survey of fans at the 2001 Super Bowl who purchased tickets to the game for​ $325 or​ $400. Krueger found that​ (a) 94 percent of those surveyed would not have paid​ $3,000 for their​ tickets, and​ (b) 92 percent of those surveyed would not have sold their tickets for​ $3,000. These results are an example of A. the failure to ignore sunk costs. B. rational consumer behavior. C. the endowment effect. D. the fallacy of composition.

User Arlynne
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Answer:

C. the endowment effect

User PBelanger
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