Question: Having just spent $ 1 5 0 0 for a new engine for his old car, Raimundo now learns his transmission needs to be replaced.

Having just spent $

1500

for a new engine for his old car, Raimundo now learns his transmission needs to be replaced. Raimundo decides to junk the car now, rather than repair it

.

Raimundo has avoided the

.

anchoring and adjustment bias.

.

confirmation

.

availability

.

representativeness

.

escalation of commitment

Having just spent $1500 for a new engine for his old

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