The sentence contains offensive content. This fallacy, which is related to loss aversion and status quo bias , can also be viewed as …

A sunk cost refers to money that has already been spent and which cannot be recovered. Der englische Begriff sunk costs bezeichnet bereits angefallene Kosten, die bei einer anstehenden Entscheidung z.B.

Similarly, a person may have a $20 ticket to a concert and then drive for hours through a blizzard, just because she feels that she has to attend due to having made the initial investment. La phrase est offensante ou présente du contenu offensant. Thanks! Thanks! Click on the arrows to change the translation direction.


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0 && stateHdr.searchDesk ? Thanks! The sunk cost fallacy (also known as the “Concorde fallacy”) is the idea that we are likely to go through commitments or events if we have already “paid” for them. If the costs outweigh the benefits, the extra costs incurred (inconvenience, time or even money) are held in a different Research suggests that rats, mice and humans are all sensitive to sunk costs after they have made the decision to pursue a reward (Sweis et al., 2018).Arkes, H. R., & Blumer, C. (1985), The psychology of sunk costs.

English

If you buy a factory, you will be able to sell the capital and reclaim some money. To leave early is to make this lapse of judgment manifest to strangers, an appearance they might otherwise choose to avoid. Here's what a sunk cost is, and what the sunk cost fallacy is. The sentence contains offensive content. sunk cost fallacy meaning: the idea that a company or organization is more likely to continue with a project if they have….

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While logical fallacies are usually the conversation topic of psychologists, the sunk cost fallacy is an idea discussed extensively in the world of behavioral economics. La phrase est offensante ou présente du contenu offensant. Sunk costs do, in fact, influence people's decisions,In an everyday example, a person may purchase a ticket to a baseball game and find after several innings that they are not enjoying the game. For example, if we spend $1 million on advertising ‘mini-discs’ you cannot reclaim this money from advertising agencies. In other words, a sunk cost is a sum paid in the past that is no longer relevant to decisions about the future. Tell us about this example sentence: It’s in the past and has no bearing on any future decision making processes. Sunk costs are contrasted with prospective costs, which are future costs that may be avoided if action is taken. Another way to look at this is by saying that “investments justify further expenditures.” Once we have put money … Ajoutez la puissance de Cambridge Dictionary à votre site internet en utilisant nos widgets gratuits de recherche.Parcourez aujourd'hui les applications de notre dictionnaire et soyez assuré de ne plus jamais perdre vos mots.







Dictionnaire Therefore, the sunk cost fallacy is a mistake in reasoning in which the sunk costs of an activity are considered when deciding whether to continue with the activity. {{#verifyErrors}}



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