You are doing research on a new electric car that you are interested in buying. You only visit the car company’s website and an online message board of electric car enthusiasts to do your research. This strategy may lead to …
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10 points
Herd mentality
The endowment effect
Confirmation bias
Loss aversion
Confirmation bias
By only visiting the car company’s website and an online message board of electric car enthusiasts, you are more likely to only see information that confirms your pre-existing beliefs or biases about the electric car you are interested in. This could potentially limit your ability to gather all relevant information and make an informed decision.