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The ticket costs $10. You buy the ticket early in the day. When you get to the theater, you realize you lost the ticket. Do you buy another one?
The ticket costs $10. You buy the ticket early in the day. When you get to the theater, you realize you lost the ticket. Do you buy another one? House money effect You go to a casino and put a quarter in a slot machine. $100. How is your gambling behavior affected?