decision-making, a sunk cost (also known as retrospective cost) is a cost that has already been incurred and cannot be recovered. Sunk costs are contrasted...

that sunk costs should be ignored when making future decisions, people sometimes make the mistake of thinking sunk cost matters. This is sunk cost fallacy...

2002, American kitchen remodeling was expected on average to cost $18,658, but actually cost $38,769. To explain overconfidence, Kahneman introduces the...

She calls BoJack, and Todd finds him collapsed after the call. 72 11 "Sunk Cost and All That" Amy Winfrey Jonny Sun January 31, 2020 (2020-01-31) 611...

based on the cumulative prior investment ("sunk cost") despite new evidence suggesting that the future cost of continuing the behavior outweighs the expected...

March would reprise her role as ADA Alexandra Cabot in an episode titled "Sunk Cost Fallacy" that aired on April 18, 2018. It marked March's first appearance...

unless generating at maximum availability since the LCOE is nearly all sunk-cost capital investment. Grids with very large amounts of intermittent power...

gym in a larger, these factors to reduce the cost and reduce the psychological sunk costs, more vivid sunk costs significantly increased people's gym visits...

processes that attenuate it. — Gilbert et al. 2004 Affective forecasting Sunk cost fallacy List of paradoxes: psychology Gilbert, Daniel T.; Lieberman, Matthew...

are non-sunk, the shutdown rule must be modified. To illustrate the new rule it is necessary to define a new cost curve, the average non-sunk cost curve...

preparatory school. Cabot returns six years later in the Season 19 episode, "Sunk Cost Fallacy". At this point, she has retired from the D.A.'s office, and now...

value theorem Opportunity cost Returns to scale Pareto efficiency Self-organized criticality Submodular set function Sunk-cost fallacy Tendency of the rate...

normally fixed costs. Sunk cost: A cost already incurred, which cannot be recovered. Other costs Standard Costing is a technique of Cost Accounting to compare...

understands their role and responsibilities. Corporate culture Fail fast Kanban Sunk cost The Bachelor of Business Administration (BBA, B.B.A., BSBA, B.S.B.A.,...

of software, the more they perceive that the cost of that investment can never be recovered (sunk cost fallacy). Thus, engineers tend to continue to...

attack – Violent attack in which the attacker accepts their own death Sunk cost fallacy – Cost that has already been incurred and cannot be recoveredPages displaying...

Hills Like White Elephants Bridge to nowhere Escalation of commitment (sunk cost fallacy) Pork barrel Abul-Abbas "Home : Oxford English Dictionary". oxforddictionaries...

paradox – Paradox involving a game with repeated coin flipping Sunk cost fallacy – Cost that has already been incurred and cannot be recoveredPages displaying...

conditional probabilities. Escalation of commitment, irrational escalation, or sunk cost fallacy, where people justify increased investment in a decision, based...

maintenance cost is large, such as the need to pump a large amount of spring water even after completion, even a huge investment is regarded as a sunk cost, and...

Damage" James Bowman Joanna Calo January 31, 2020 (2020-01-31) 610 72 11 "Sunk Cost and All That" Amy Winfrey Jonny Sun January 31, 2020 (2020-01-31) 611...

Foot-in-the-door technique Icebreaker (facilitation) Reciprocity (social psychology) Sunk-cost fallacy Social proof McRaney, David (2011-10-05). "The Benjamin Franklin...

paradox – Paradox involving a game with repeated coin flipping Sunk cost fallacy – Cost that has already been incurred and cannot be recoveredPages displaying...

choice – Free choice in which only one option is actually offered Sunk cost – Cost that has already been incurred and cannot be recovered Ultimatum –...

recommend a treatment that does not work. This is a manifestation of the sunk cost fallacy. Fraud Some practitioners, fully aware of the ineffectiveness...

positive or negative results for the stakeholders, and can be contrasted with sunk costs, which are costs that have already been incurred. Eltinge, J. L. (2007)...

out on a limb and so many people have followed you, and there is much 'sunk cost,' as economists would say, it is difficult to admit you have been wrong...

several formats (for example, using both absolute and relative scales). Sunk-cost fallacy is a specific type of framing effect that affects decision-making...

the remaining 82% of the cost of the diversion weir would have been defined as sunk cost and also not be included in the cost benefit analysis. By excluding...

theoretical predictions for rational agents. This has been credited to the sunk cost fallacy. Such auctions are typically held over the Internet, rather than...