Very roughly: you commit the sunk cost fallacy when you let unrecoverable costs influence your current decision-making. Economists and Business Majors ...

1 июн. 2023 г. · Sunk cost is the fallacy of continuing with something that won't net good results because you already paid for it. In the case of the bus ... Why The Sunk Cost “Fallacy” Is Not Always a Fallacy CMV: Behavior under the sunk cost fallacy is almost ... Другие результаты с сайта www.reddit.com

Business and Economic textbooks warn against committing the Sunk Cost Fallacy: you, rationally, shouldn't let unrecoverable costs influence your current ...

Business and Economics textbooks warn against committing the Sunk Cost Fallacy: you, rationally, shouldn't let unrecoverable costs influence your current ...

22 окт. 2024 г. · Sunk cost fallacy is a behavioral decision-making concept that leads to biased decisions and sub-optimal outcomes. Although academics have shown ...

The sunk cost fallacy means that we are making irrational decisions because we are factoring in influences other than the current alternatives. This fallacy ...

In economics and business decision-making, a sunk cost (also known as retrospective cost) is a cost that has already been incurred and cannot be recovered.

7 дек. 2016 г. · It's only a fallacy in the simplest of cases, where there's an option to change to something that would clearly provide better value, but you don't.

7 апр. 2023 г. · The sunk cost fallacy is the tendency for people to continue an endeavor or course of action even when abandoning it would be more beneficial.

26 нояб. 2023 г. · The sunk cost fallacy – an inability to ignore costs that have already been spent and can't be recovered.