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The sunk‐cost fallacy is a well‐documented cognitive bias in the decision‐making literature. Although the emerging literature on childhood socioeconomic status suggests that early‐life environments shape individuals' decision strategies and have a long‐lasting impact on their decisions, little is known about the impact of childhood socioeconomic status on the sunk‐cost fallacy. Using two different...
This study investigates the relationship between the COVID‐19 threat and consumer evaluation of a product with authenticity appeals in advertisements. We propose that threatening situations like COVID‐19 motivate consumers to lower their uncertainty and increase their preference for products with authentic advertising messages. Because individuals react differently to threatening environments according...
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