Do sunk costs affect expert decision making? Evidence from the within-game usage of NFL running backs
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DOI: 10.1007/s00181-017-1399-y
Abstract: The presence of the sunk-cost fallacy in expert decision making is tested by examining the within-game usage of players in the National Football League (NFL). Using the exogenous variation in compensation from the NFL’s free… read more here.
Keywords: decision making; sunk; expert decision; game usage ... See more keywords
Evaluating the sunk cost effect
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DOI: 10.1016/j.jebo.2021.03.029
Abstract: Abstract We provide experimental evidence of behavior consistent with the sunk cost effect. Subjects who earned a lottery via a real-effort task were given an opportunity to switch to a dominant lottery; 23% chose to… read more here.
Keywords: behavior; sunk cost; cost effect; sunk ... See more keywords
The impact of financial and behavioural sunk costs on consumers’ choices
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DOI: 10.1108/jcm-06-2023-6099
Abstract: Purpose The purpose of this paper is to develop a systematic literature review on the sunk cost effect from consumers’ perspectives. By applying a comprehensive approach, this paper aims to synthesise and discuss the impact… read more here.
Keywords: effect; financial behavioural; sunk costs; sunk ... See more keywords
Young Children Do Not Anticipate That Sunk Costs Lead to Irrational Choices
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DOI: 10.1111/cogs.13063
Abstract: Young children anticipate that others act rationally in light of their beliefs and desires, and environmental constraints. However, little is known about whether children anticipate others' irrational choices. We investigated young children's ability to predict… read more here.
Keywords: irrational choices; young children; cost; sunk ... See more keywords
Do sunk costs nip worker-owned firms in the bud?
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DOI: 10.1177/0143831x241284832
Abstract: In this article the author analyzes the interaction effect of the sunk cost of physical capital and of human capital on the entry of worker-owned firms (WOFs) and conventional firms (CFs). The author estimates a… read more here.
Keywords: owned firms; capital; sunk costs; sunk ... See more keywords