sunk cost (Q958242)

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cost that has already been incurred and cannot be recovered
  • retrospective cost
  • retrospective costs
  • sunk costs
  • sunk cost fallacy
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Language Label Description Also known as
English
sunk cost
cost that has already been incurred and cannot be recovered
  • retrospective cost
  • retrospective costs
  • sunk costs
  • sunk cost fallacy

Statements

0 references
1 reference
The Mental Models of Human Nature and Judgment / 7. Availability Heuristic / One of ... / ... / Some sub-examples of the availability heuristic include the Anchoring and Sunk Cost Tendencies. (English)

Identifiers

 
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