Larry bought some stock 10 years ago that has hovered at half its purchase price over the last 5 years. However, he refuses to sell the stock, thinking that if he waits long enough, he will recover his investment. What is the likeliest type of behavior this represents?

Answer rating: 100% (QA)

The likeliest type of behavior that Larry is exhibiting is sunk cost fallacy Sunk cost fallacy is th... View the full answer