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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.
Which statements about Narcondam Island are correct?
Which institute is collaborating with NTPC Vidyut Vyapar Nigam to install rooftop solar panels for boosting solar energy usage in health research facili...
The Central Institute for Cotton Research’ is located in which state of India?
The Indian Express was started by whom?
AIIB stands for ______________
Which organization in India is leading the production of green ammonia as part of an agreement with Japan?
Initial share capital of RBI (at the time of establishment) was:
The ______lake in Gujarat was an artificial reservoir built during the rule of the Mauryas.
Which ministry reported that India’s Index of Industrial Production (IIP) grew by 4.2% in June 2024?
What is a Follow-on Public Offer (FPO)?