David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
Learn more about PhilPapers
Noûs 38 (1):60–85 (2004)
If you are more likely to continue a course of action in virtue of having previously invested in that course of action, then you tend to honor sunk costs. It is widely thought both that (i) individuals often do give some weight to sunk costs in their decision-making and that (ii) it is irrational for them to do so. In this paper I attempt to cast doubt on the conventional wisdom about sunk costs, understood as the conjunction of these two claims.
|Keywords||No keywords specified (fix it)|
|Categories||categorize this paper)|
Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
|Through your library|
References found in this work BETA
Elizabeth Anderson (1996). Reasons, Attitudes, and Values: Replies to Sturgeon and Piper. Ethics 106 (3):538-554.
Elizabeth Anderson (1993). Value in Ethics and Economics. Harvard University Press.
Michael Bratman (1987/1999). Intention, Plans, and Practical Reason. Center for the Study of Language and Information.
Arthur Coleman Danto (1968). Analytical Philosophy of History. Cambridge, Cambridge U.P..
Richard Foley (1987). The Theory of Epistemic Rationality. Harvard University Press.
Citations of this work BETA
Ken Levy (2009). On the Rationalist Solution to Gregory Kavka's Toxin Puzzle. Pacific Philosophical Quarterly 90 (2):267-289.
Similar books and articles
David Johnstone (2002). Behavioral and Prescriptive Explanations of a Reverse Sunk Cost Effect. Theory and Decision 53 (3):209-242.
A. Ross Otto (2010). Three Attempts to Replicate the Behavioral Sunk-Cost Effect: A Note on Cunha and Caldieraro (2009). Cognitive Science 34 (8):1379-1383.
Marcus Cunha & Fabio Caldieraro (2010). On the Observability of Purely Behavioral Sunk-Cost Effects: Theoretical and Empirical Support for the BISC Model. Cognitive Science 34 (8):1384-1387.
Douglas W. Portmore (2007). Welfare, Achievement, and Self-Sacrifice. Journal of Ethics and Social Philosophy 2 (2):1-28.
David Ramsay Steele (1996). Nozick on Sunk Costs. Ethics 106 (3):605-620.
Theodore Pavlic & Kevin Passino (2011). The Sunk-Cost Effect as an Optimal Rate-Maximizing Behavior. Acta Biotheoretica 59 (1):53-66.
Kevin M. Passino (forthcoming). The Sunk-Cost Effect as an Optimal Rate-Maximizing Behavior. Acta Biotheoretica.
Douglas Walton (2002). The Sunk Costs Fallacy or Argument From Waste. Argumentation 16 (4):473-503.
António Zilhão (2010). Incontinence, Honouring Sunk Costs and Rationality. In Mauricio Suarez, Mauro Dorato & Miklos Redei (eds.), Epsa Philosophical Issues in the Sciences. Springer. 303--310.
Added to index2009-01-28
Total downloads34 ( #56,272 of 1,140,112 )
Recent downloads (6 months)3 ( #62,159 of 1,140,112 )
How can I increase my downloads?