$64$

$5$ points

$[$MGT$1$B$]$ A movie called the "Money Pit" starring Tom Hanks and Shelley Long focused on the couple buying a house and continually having to spend money repairing it after another. A number of times they should have sold the house, but they kept thinking that if they did just one more thing, the house would be great. This situatio example of what decis$$n$-$making trap?

Escalation of commitment

Anchoring

Framing bias

Overconfidence bias