Matthew is experiencing post-purchase dissonance, often referred to as buyer's remorse. This feeling encompasses regret after a purchase, which frequently occurs after acquiring expensive items like real estate. The regret typically arises from the investment made, the involvement of the buyer, and the internal conflict regarding whether the purchase aligns with their objectives. In Matthew's case, this feeling might stem from the relatively low cost of the item purchased, coupled with concerns about the ethicality of the acquisition.
The sunk cost amounts to $70. Sunk Cost describes an expense that has already been incurred and is non-recoverable. Typically, these costs are ignored in decision-making as they cannot be avoided regardless of the decisions made. In this scenario, Damon Rutton spent $70 on a ticket, which is the only pre-paid expense; any additional costs for parking or refreshments would only be incurred if he chooses to attend the game.
I believe the correct answer is true.
