On the Observability of Purely Behavioral Sunk-Cost Effects: Theoretical and Empirical Support for the BISC Model
Graduate studies at Western
Cognitive Science 34 (8):1384-1387 (2010)
|Abstract||There is growing interest in whether and how sunk-cost effects for purely behavioral investments occur. In this article, we further discuss Cunha and Caldieraro’s (2009) Behavioral Investment Sunk Cost (BISC) model and reconcile Otto’s (2010) results with the BISC model predictions. We also report new data from two unpublished experiments that are consistent with the BISC model, and we discuss the conditions under which purely behavioral sunk-cost effects are likely to be observed|
|Keywords||BISC model Cognitive psychology Effort and decision Behavioral sunk‐cost effects Sunk‐cost effects Sunk costs|
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