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A Revisit to Sunk Cost Fallacy for Two-Stage Stochastic Binary Decision Making

This paper undertakes a revisit of the sunk cost fallacy, which refers to the tendency of people to persist investing resources into something, even if it is destined to have no good outcome. We emphasize that the utilities associated with different alternatives are not static for decision makers, w...

Ausführliche Beschreibung

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Bibliografische Detailangaben
Hauptverfasser: Xuecheng Tian, Bo Jiang, King-Wah Pang, Yuquan Du, Yong Jin, Shuaian Wang
Format: Artigo
Sprache:Inglês
Veröffentlicht: MDPI AG 2024-05-01
Schriftenreihe:Mathematics
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Online-Zugang:https://www.mdpi.com/2227-7390/12/10/1557
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