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The road ahead for sunk costs
1Department of Education and Psychology, University of Aveiro, Campus Universitário de Santiago, 3810-193, Aveiro, Portugal. mvasconcelos@ua.pt.
Learning & Behavior
|February 22, 2019
Abstract:
The sunk cost error is usually ascribed to the "ghost" of past investments, but the "promise-of-a-better-future" account is often difficult to dismiss. The search for the underpinning mechanism(s) is ongoing, but it should go hand-in-hand with a functional account.
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