Example represents which of the perceptual distortions

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Reference no: EM131275743

While trading in his truck at the local automobile dealership, Ari asks $15,000 for his trade-in. The dealer immediately responds, "You got it." This example represents which of the following perceptual distortions?

a. Reactive devaluation

b. Issue framing and risk

c. Endowment effect

d. Irrational escalation of commitment

e. None of the above

Reference no: EM131275743

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