Promoting de-escalation of commitment: a regulatory-focus perspective on sunk costs

Daniel C Molden1, Chin Ming Hui

  • 1Department of Psychology, Northwestern University, Evanston, IL 60208-2710, USA. molden@northwestern.edu

Psychological Science
|November 26, 2010
PubMed
Summary

Activating growth mindsets can reduce commitment to failing projects. This "promotion" focus helps people see new options and avoid sunk cost fallacy, unlike "prevention" mindsets.

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