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Business, 15.02.2020 00:36 jaqsway34

Gerald invested $25,000 in a new business venture. Within 6 months, it appeared that the venture was failing. To stay afloat, he invested another $25,000 in the hopes of saving his initial $25,000 investment. At the one-year anniversary of the business, his friend questioned his judgment in investing in this business and presented projections from industry experts who suggested the venture was not viable and he should cut his losses. Gerald wanted to prove he had good business instincts and invested an additional $15,000. What type of decision-making distortion is Gerald experiencing?

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Gerald invested $25,000 in a new business venture. Within 6 months, it appeared that the venture was...
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