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:_______.

Answer 1

Answer:

The Sunk cost fallacy

Explanation:

To experience a sunk cost fallacy is to brood over or think about prices or a cost that has already been paid and cannot be recouped. Sunk cost fallacy experience will make it difficult for an individual to abandon a course as a result of previously invested resources

Previosly invested Time can be a sunk cost fallacy. Therefore Maeve is experiencing a sunk cost fallacy