Sunk costs, rationality, and acting for the sake of the past

Noûs 38 (1):60–85 (2004)
Abstract
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.
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DOI 10.1111/j.1468-0068.2004.00462.x
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References found in this work BETA
Reasons and Persons.Derek Parfit - 1984 - Oxford University Press.
Intention, Plans, and Practical Reason.Michael Bratman - 1987 - Center for the Study of Language and Information.
What We Owe to Each Other.Thomas Scanlon - 1998 - Belknap Press of Harvard University Press.
The Possibility of Practical Reason.David Velleman - 2000 - Oxford University Press.

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Citations of this work BETA
Faith and Steadfastness in the Face of Counter-Evidence.Lara Buchak - 2017 - International Journal for Philosophy of Religion 81 (1-2):113-133.
On the Rationalist Solution to Gregory Kavka's Toxin Puzzle.Ken Levy - 2009 - Pacific Philosophical Quarterly 90 (2):267-289.
IIA, Rationality, and the Individuation of Options.Tina Rulli & Alex Worsnip - 2016 - Philosophical Studies 173 (1):205-221.

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