Question

Maeve wants to change her college major but has decided not to because she is close to finishing. She believes that the time she has spent in her current program will be wasted if she changes now. Maeve is experiencing hindsight bias A availability bias B social desirability bias C the sunk-cost fallacy D the self-serving bias

Answer 1

I believe the best option is sunk cost fallacy.

Step-by-step explanation:

The sunk cost fallacy refers to the likelihood of people and companies continuing with their projects because they have already invested a lot of time and money in it. Even if the most efficient decision is to abandon that project for a new one, it is common for people to refuse to do so, insisting in pursuing the expected result from the project they've invested so much in. That is what Maeve is doing. Even though she wants to change majors, she won't do it due to the time she has spent in this one. Even if it is making her unhappy, she will stick to her decision.