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The paragraph explores the sunk-cost fallacy and its usual applicability when the decision-maker has made the original investment. The blank introduces a contrasting idea, suggesting that this assumption is incorrect. Option 1 fits perfectly as it introduces a study that challenges the conventional understanding of the fallacy, creating a logical flow from the paragraph to the new insight. Option 2 discusses long-term applicability, but the paragraph seeks to contrast, not Option 3 proposes a possible explanation but fails to logically follow the blank that demands a contrast. Option 4 overgeneralises the phenomenon without providing the necessary contrasting evidence.
What are the two core areas of research for the International Centre of Excellence for Dams (ICED), IISc Bangalore?
Which team won the Las Vegas Grand Prix in 2024?
Which city has been selected as the venue for the inaugural edition of the Global Chess League (GCL)?
SEBI has decided to set up a corporate debt market development fund in the form of an AIF with an initial corpus of ________ to act as a backstop facili...
Which of the following organization launched Supervisory monitoring system “DAKSH”?
Consider the following statements regarding the penalties imposed by RBI on certain banks-
I.The Reserve Bank has imposed a Rs 50 lakh penalty on...
Recently which bank has join hands with PFRDA to launch a digital platform which will allow customers to open NPS accounts using mobile phones?
What is the name of the app launched by Gujarat Chief Minister Bhupendra Patel on World Lion Day to track lion movement and reduce human-animal conflicts?
What was the main purpose of the 'Pedal for Planet' cyclothon held at Rashtrapati Nilayam?
Where did the Minister of State for Communications, Devusinh Chauhan, inaugurate Hamfest India 2023, and what is its significance?