The Sunk Cost Fallacy: Why We Hold onto Things We Should Let Go Of
Interactive Video
•
Social Studies, Business
•
University
•
Hard
Wayground Content
FREE Resource
5 questions
Show all answers
1.
OPEN ENDED QUESTION
3 mins • 1 pt
What does Jimmy do with the bad fish he catches?
Evaluate responses using AI:
OFF
2.
OPEN ENDED QUESTION
3 mins • 1 pt
Explain the concept of sunk costs as described in the text.
Evaluate responses using AI:
OFF
3.
OPEN ENDED QUESTION
3 mins • 1 pt
What is the sunk cost fallacy, and how does it affect decision-making?
Evaluate responses using AI:
OFF
4.
OPEN ENDED QUESTION
3 mins • 1 pt
Describe the experiment conducted by economists Hal Arkes and Catherine Blumer.
Evaluate responses using AI:
OFF
5.
OPEN ENDED QUESTION
3 mins • 1 pt
What are the three psychological reasons for irrationality mentioned in the text?
Evaluate responses using AI:
OFF
Similar Resources on Wayground
3 questions
Obama: We Are and Always Will Be a Nation of Immigrants
Interactive video
•
University
6 questions
We Don't Want a Cold War With China: Blinken
Interactive video
•
University
6 questions
Mitsubishi Aircraft: We Need a Redesign of Some Systems
Interactive video
•
University
3 questions
Inventory Taken After Sinking Of The SS Robin Moor
Interactive video
•
University
2 questions
Decision-Making and Relevant Costing
Interactive video
•
University
2 questions
What is Sunk Cost? ...and the Sunk Cost Fallacy?
Interactive video
•
12th Grade - University
2 questions
Mastering Microsoft Word 365 - Welcome and What we will cover
Interactive video
•
KG - University
6 questions
British Fight Back From Tobruk On Land And Sea
Interactive video
•
University
Popular Resources on Wayground
10 questions
Lab Safety Procedures and Guidelines
Interactive video
•
6th - 10th Grade
10 questions
Nouns, nouns, nouns
Quiz
•
3rd Grade
10 questions
Appointment Passes Review
Quiz
•
6th - 8th Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
11 questions
All about me
Quiz
•
Professional Development
22 questions
Adding Integers
Quiz
•
6th Grade
15 questions
Subtracting Integers
Quiz
•
7th Grade
20 questions
Grammar Review
Quiz
•
6th - 9th Grade
Discover more resources for Social Studies
15 questions
Disney Trivia
Quiz
•
University
21 questions
Spanish-Speaking Countries
Quiz
•
6th Grade - University
7 questions
What Is Narrative Writing?
Interactive video
•
4th Grade - University
20 questions
Disney Trivia
Quiz
•
University
7 questions
Force and Motion
Interactive video
•
4th Grade - University
5 questions
Examining Theme
Interactive video
•
4th Grade - University
23 questions
Lab 4: Quizziz Questions
Quiz
•
University
12 questions
Los numeros en español.
Lesson
•
6th Grade - University