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The entire wiki reimagined as a visual magazine with video discovery · Watch your interests come alive
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Sunk cost
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In economics and business decision-making, a sunk cost is a cost that has already been incurred and cannot be recovered. Sunk costs are contrasted with prospective costs, which are future costs that m
The sunk cost fallacy has also been called the "Concorde fallacy": the British and French governments took their past expenses on the costly supersoni
The sunk cost fallacy has also been called the "Concorde fallacy": the British and French governments took their past expenses on the costly supersonic jet as a rationale for continuing the project, as opposed to "cutting their losses".
Thinking, Fast and Slow
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Thinking, Fast and Slow is a 2011 popular science book by the Israeli-American psychologist Daniel Kahneman. Its main thesis is a differentiation between two modes of thought: "System 1" is fast, inst
Sunk cost
…Stop-loss order Thinking, Fast and Slow Amankwah-Amoah, J. (2014). "A unified framework of explanations for strategic persistence in the wake of others' failures". Journal of Strategy and…
Hardcover edition
Hardcover edition