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Gambler’s Fallacy and Sunk-Cost Fallacy
Grade Level
AP Psychology
AP.144 Gambler’s Fallacy and Sunk-Cost Fallacy
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A student continues a training program after years of effort. Which additional fact would most strongly show that the persistence is rational rather than a sunk-cost error?
A
The student believes success is due after several setbacks
B
The student often says the past years must not be wasted
C
The student ignores new evidence that the program no longer helps
D
The expected future benefit of finishing exceeds the remaining time, money, and effort
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