A Revisit to Sunk Cost Fallacy for Two-Stage Stochastic Binary Decision Making
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DOI: 10.3390/math12101557
Abstract: This paper undertakes a revisit of the sunk cost fallacy, which refers to the tendency of people to persist investing resources into something, even if it is destined to have no good outcome. We emphasize… read more here.
Keywords: decision making; decision; sunk cost; cost fallacy ... See more keywords