asked 135k views
4 votes
After Rachel bought a magazine subscription, she does not enjoy the articles in the magazine. However, she dutifully reads the entire magazine every month because she had already paid for the subscription and feels the money will be wasted if she does not read it. What psychological factor associated with behavioral economics explains Rachel's behavior

asked
User Cyfdecyf
by
8.9k points

1 Answer

1 vote

Answer:

The sunk cost fallacy

answered
User Stubotnik
by
8.3k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.