The instruments of biotechnology market is also likely to witness lucrative growth owing to increasing number of biotechnology firms all over the world and huge expenditure in sunk cost
This phenomena, known as the sunk cost
effect, is exhibited when a previous investment of time, effort, or money increases the likelihood of continued investment (Arkes and Blumer 1985).
The Survey further says, "Since mining involves huge sunk cost
, the government should allow only a limited number of large domestic companies with proven track record to compete with CIL and also to bring in the latest technology and skills.
He explained that a brief period of mindfulness meditation can encourage people to make more rational decisions by considering the information available in the present moment, while ignoring some of the other concerns that typically exacerbate the sunk cost
11) By making a conscious decision to do that, he would willingly consume his own capital, therefore 70 units would not denote sunk cost
, but rather the price for a subjective pleasure of destroying his funds.
What's remarkable is despite our sunk cost
in R&D, these plates provide the same savings to our customers as our generic trauma products offer--over 50 percent less than conventional vendors' pricing," he said.
n] - T is the surplus of a new job (net of sunk cost
The mistake of including sunk costs
in economic decisions would be fatal if the sunk cost
were larger by $110.
Includes $258,000 sunk cost
in patented designs and molds.
The above two observations suggest that the contestable market framework provides a strong second-mover advantage to the entrant, which is not eroded by a sunk cost
Similarly, ERGAS & SMALL (2000) applied the real options methodology to examine the sunk cost
of assets and the regulator's impact on the distribution of returns.
The rare ability to not only distinguish a sunk cost
from an opportunity requiring further investment but to unemotionally act on the basis of this distinction is the unmistakable mark of the truly exceptional executive.