Noûs 38 (1):60–85 (2004)
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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
After Virtue: A Study in Moral Theory.Alasdair C. MacIntyre - 1983 - University of Notre Dame Press.
Sources of the Self: The Making of the Modern Identity.Charles Taylor - 1989 - Harvard University Press.
View all 46 references / Add more references
Citations of this work BETA
Status Quo Bias, Rationality, and Conservatism About Value.Jacob M. Nebel - 2015 - Ethics 125 (2):449-476.
Faith and Steadfastness in the Face of Counter-Evidence.Lara Buchak - 2017 - International Journal for Philosophy of Religion 81 (1-2):113-133.
The Sunk Cost "Fallacy" Is Not a Fallacy.Ryan Doody - 2020 - Ergo: An Open Access Journal of Philosophy 6:1153-1190.
Outline of a Logic of Knowledge of Acquaintance.Samuele Iaquinto & Giuseppe Spolaore - 2019 - Analysis 79 (1):52-61.
View all 16 citations / Add more citations
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