The role of probability of success estimates in the sunk cost effect
By Hal R. Arkes, Laura Hutzel. 2000
132 citations recorded by the source corpus.
Subfields: Economics and Econometrics, Finance, General Decision Sciences
View Paper: https://www.semanticscholar.org/paper/c6281931ff196227b91c730e55e67af34255e4db
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In Economics and Econometrics
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Citations in the corpus
- The dragons of inaction: psychological barriers that limit climate change mitigation and adaptation. (2011, background): “Once one has invested in something, dispensing with it is more difficult than it would have been had one not invested in it (e.g., Arkes & Hutzel, 2000; Knox & Inkster, 1968).”