Answer: Sunk Cost fallacy
Explanation:
The sunk cost can be defined as the cost that has already been incurred and cannot be refunded back. It is in contrasted to the prospective costs which are the costs of future and that can be saved if any action is needed.
The economist argue that the sunk cost has nothing to do with the future rational decision making.
The example of such situation is fees which is once spent is generally not refunded.
Answer:
Information sufficiency threshold
Explanation:
information sufficiency is the amount of information needed by people to deal adequately with a given risk in their own lives
The sufficiency threshold is an individual's desired confidence level, or the point at which individuals feel capable of coping with their current motives. Typically, individuals will put sufficient cognitive effort until their level of confidence reaches their sufficiency threshold.
The sufficiency principle is based on two levels of confidence: the level of confidence an individual has in a judgment and the level of confidence an individual desires in a judgment.
Explanation:
In humans, the sex of the baby is determined by the sperm. The sperm gamete is heterogamatic because approximately half of them contain the X chromosome which will result in a girl and approximately half of them contain the Y chromosome which will result in a boy.
Answer:
very close, very close
Explanation:
Job applicants are interviewed by either friendly or unfriendly employers who sit either very close to or at a normal distance from the applicants. Research suggests that applicants will like best the friendly employers who sit at a very close distance and will like least the unfriendly employers who sit at a very close distance.
