This quiz works best with JavaScript enabled. Home > Economics > Behavioral Economics > Behavioral Economics – Quiz 14 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Behavioral Economics Quiz 14 (3 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. In the video, did you see the gorilla? A) No. B) Yes. Show Answer Correct Answer: B) Yes. 2. Choose the cognitive bias that is described below:People would ascribe more value to an item they own than an item they didn't. This is due to the emotional value that gets added to their valuation of the item. They are less willing to give up an item they already owned than buy the same object for a cost. A) Anchoring. B) Endowment Fallacy. C) Halo Effect. D) Sunk Cost Bias. Show Answer Correct Answer: B) Endowment Fallacy. 3. Investments of time, effort and money that cannot be recovered are (a) A) A sunk costs. B) Opportunity costs. C) Relevant costs. D) Avoidable costs. Show Answer Correct Answer: A) A sunk costs. ← PreviousRelated QuizzesEconomics QuizzesBehavioral Economics Quiz 1Behavioral Economics Quiz 2Behavioral Economics Quiz 3Behavioral Economics Quiz 4Behavioral Economics Quiz 5Behavioral Economics Quiz 6Behavioral Economics Quiz 7Behavioral Economics Quiz 8Behavioral Economics Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books