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...

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Bibliographic Details

Main Authors:	Xuecheng Tian, Bo Jiang, King-Wah Pang, Yuquan Du, Yong Jin, Shuaian Wang
Format:	Artigo
Language:	Inglês
Published:	MDPI AG 2024-05-01
Series:	Mathematics
Subjects:	sunk cost fallacy decision analysis two-stage stochastic optimization sample average approximation
Online Access:	https://www.mdpi.com/2227-7390/12/10/1557
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