Question

When you keep eating the food you don't like precisely because you already bought the food, you are committing _____________.

Answer 1

Sunk-cost fallacy

Step-by-step explanation:

According to a different source, these are the options that come with this question:

• Availability heuristics bias
• Sunk-cost fallacy
• Endowment effect bias
• Zero risk bias

The fallacy that is committed in this example is the sunk cost fallacy. The sunk cost fallacy occurs when an individual continues a particular behaviour simply because he already invested resources (time, money, effort) into it. For the fallacy to take place, the person has to continue with the action even after it becomes clear that the extra costs outweigh the benefits that can be obtained from it.