Question

Pablo and his managers spent a large sum of money on the new training program, and they feel that there has been little improvement as a result of the investment. The training is scheduled to continue for two more months, and Pablo feels that the company has already spent too much money on the training to simply abandon it. Pablo is experiencing_________.

A. a catch-22 effect.
B. confirmation bias.
C. a training trap.
D. blind bias.
E. sunk-cost bias.

Answer 1

Answer:

. sunk-cost bias.

Explanation:

Sunk cost is money that has already been expended and cannot be recovered.

According to the sunk cost bias, a person would continue with a particular course of action or project regardless of its outcome because of the unrecoverable amount (sunk cost) that has been spent on the project.

I hope my answer helps you