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lalaluna lalaluna
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6 years ago
James has just purchased a stock for 50 a share, and in the first two days it rises to 60 a share. James decides that this 20 gain in 48 hours is a nice little windfall, and sells the stocks at that price. The fact that it next goes up to 80 a share in the following month leaves James wondering why he sold. This tendency to sell a stock too quickly after its value has increased is called the ____ effect.
 
  a. endowment
  b. disposition
  c. escalation
  d. sunk cost
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#1
6 years ago
b
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