Sunk Cost - Richmond Fed The time and money that have already been spent are sunk costs and should not be considered It might be best for us to stay, but the fact that we are already there is not a reason for us to remain
Mitigating Service Incompletion via Sunk Costs: A Queueing . . . In this study, we investigate how to use sunk cost in combination with delay announcements to increase service completion To the best of our knowledge, this is the first study that looks into how sunk cost can be used to mitigate service incompletion
The Interpersonal Sunk-Cost Effect - Gwern The sunk-cost effect refers to the greater tendency for people to pursue options associated with sunk investments, whereas the sunk-cost fallacy occurs when this tendency leads them to pursue inferior options
An Empirical Model of Sunk Costs and the Decision to Export Applying the model to data on manufacturing plants in Colombia (1981489), they test for the presence of sunk entry costs and quantify the importance of those costs in explaining export patterns
SUNK COSTS AND REAL OPTIONS IN ANTITRUST ANALYSIS Section 4 explains in more detail how option value enters into the sunk cost of investing It focuses on entry decisions and shows how option value can be as much of a barrier to entry as the direct sunk costs that antitrust analyses typically consider To do this, a simple two-period model is used, a version of which is first introduced in