Moreover, politicians who argue, like Khieu Samphan, that a very large sunk cost
, such as more than one million lives lost, should be forgotten lose all reputation for commitment, which also makes any continued political relationship with them very difficult to justify.
In previous research, it has already been determined empirically the occurrence of the sunk cost
effect (ARKES; BLUMER, 1985; DOMINGOS; SOUZA; SILVA, 2007; MURCIA; BORBA, 2006; TAN; YATES, 1995).
Later academic work, however, pointed out that a market devoid of any sunk costs
is rare and paved the way for a long debate over the theoretical contribution of contestability theory and its applicability in deregulation efforts.
HAUSMAN (1999, 2002) has applied the real options methodology to examine the sunk cost
of assets and the delay option in the context of unbundled network elements (UNEs).
The sunk cost
fallacy keeps us eating bad meals, using outmoded IT systems, holding on to pasts that are already gone.
Many prior operant sunk cost
analogs have actually demonstrated escalation (i.
In one online study, participants reported about how much they typically focus on the present moment and also read 10 sunk-cost and then reported how much they would let go of sunk costs
in each of them.
The term sunk cost
is used in economics to refer to resources that have been committed and subsequently cannot be reversed (Frank & Glass, 2000; McEachern, 1997; Terry & Forde, 1984).
In some cases, a significant increase in the current market value would eliminate sunk cost
completely and turn losses into profits.
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 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.