Why Can't Even Excellent Leaders Abandon Unprofitable Businesses? How to Break Free from Sunk Costs

"We've invested so much already, we can't stop now." "This is a traditional business since our founding, so we have to keep ...

How to Proceed with Project Cancellation | 3 Preparations to Avoid Misjudgments Due to Sunk Costs

"Withdrawal" and "Cancellation" are Different Things】Making a decision and actually stopping work to handle the aftermath ...
Psychology Today

The Sunk Cost Trap: Why We Throw Good Money After Bad

Berlin's new airport was supposed to open in 2011 with a budget of 2 billion euros. Instead, it finally opened in 2020 after costing over 6 billion euros. The project was plagued with problems from ...

IPL mega auction or a masterclass in behavioural economics? Sunk cost fallacy, winner’s curse, FOMO and more | Explained

The IPL mega auction highlights how emotions can cloud decision-making for franchise owners. These psychological traps mirror ...
JSTOR Daily

When Presidents Fight the Last War: The Oval Office, Sunk Costs, and Wartime Decision-Making since Vietnam

Your institution does not have access to this book on JSTOR. Try searching on JSTOR for other items related to this book. Wartime Sunk Cost Dilemmas in Vietnam’s Shadow 1 Wartime Sunk Cost Dilemmas in ...