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en.wikipedia.orgIn economics and business decision-making, a sunk cost is a retrospective (past) cost that has already been incurred and cannot be recovered. Sunk costs are sometimes contrasted with prospective costs, which are future costs that may be incurred or change瀏覽：1322 -
![Definition of Sunk Costs - Economics Glossary]()
economics.about.comSunk Costs Defined - A Dictionary Definition of Sunk Costs ... Sunk costs are unrecoverable past expenditures. These should not normally be taken into account when determining whether to continue a project or abandon it, because they cannot be recovered e瀏覽：376
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日期：2024-04-22
Money already spent and permanently lost. Sunk costs are past opportunity costs that are partially (as salvage, if any) or totally irretrievable and, therefore, should be considered irrelevant to future decision making. This term is from the oil industry ...
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日期：2024-04-28
In economics and business decision-making, sunk costs are retrospective (past) costs that have already been incurred and cannot be recovered. Sunk costs are sometimes contrasted with prospective costs, which are future costs that may be incurred or change...
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日期：2024-04-23
A cost that has already been incurred and thus cannot be recovered. A sunk cost differs from other, future costs that a business may face, such as inventory costs or R&D expenses, because it has already happened. Sunk costs are independent of any event .....
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日期：2024-04-26
Definition of sunk cost: Cost already incurred which cannot be recovered regardless of future events. Home Articles Tips Videos Browse by Subject Term of the Day InvestorWords.com - Online Investing Glossary sunk cost Definition Cost already incurred whic...
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日期：2024-04-22
Sources: Ariely, D. (2009). Predictably irrational, revised and expanded edition: The hidden forces that shape our decisions. Harper. (Amazon link) Arkes, Hal R., and Peter Ayton. “The Sunk Cost and Concorde Effects: Are Humans Less Rational than Lower .....
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日期：2024-04-23
Excellent post! I could’ve used this post back in 2006… Long story short, Biology major at UT for 3.5 yrs, lacked the resolve to switch to my true passion: technology (wanted to recover those sunk costs by starting a career in the health care field), fina...
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日期：2024-04-29
Escalation of commitment was first described by Barry M. Staw in his 1976 paper, "Knee deep in the big muddy: A study of escalating commitment to a chosen course of action".[1] More recently the term sunk cost fallacy has been used to describe the phenome...
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日期：2024-04-23
SUNK COST 129 The next three experiments differ from the prior two in that pairs of scenarios are presented in each experiment. One member of each pair is as similar to the other member in as many financial aspects as possible. They ......
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