Ask a Question

According to the research on decision-making biases, what is the sunk cost fallacy?

0 votes
61 views
in Psychology by (2.2k points)
According to the research on decision-making biases, what is the sunk cost fallacy?

1 Answer

0 votes
by (1.6k points)
The sunk cost fallacy is the tendency for people to continue investing in something because of the resources they have already put into it, even when it is not rational.

Related questions

0 votes
1 answer 76 views
How can the sunk cost fallacy impact decision making?
asked Jan 13 in Psychology by MadeleineCat (1.5k points)
0 votes
1 answer 84 views
According to the sunk cost fallacy, what influences people's decisions?
asked Jan 20 in Psychology by LizaSwenson (1.7k points)
0 votes
1 answer 150 views
Who proposed the sunk cost fallacy?
asked Jan 15 in Psychology by Von968188852 (2.0k points)
0 votes
1 answer 77 views
What is the sunk cost fallacy?
asked Jan 10 in Psychology by RaleighAckle (1.8k points)

37.4k questions

37.2k answers

2 comments

14.7k users

Categories

Welcome to Sarvan Science Q&A, where you can ask questions and receive answers from other members of the community.
Snow Theme by Q2A Market
Powered by Massachusetts Institute of Technology
...