Sunk Cost

  • 3 Posts
  • 1 Sections
  • 1 Types
August 31, 2024 4 min read Definitions
Sunk Cost: Definition and Implications
Economics Finance Sunk Cost Decision Making Economics Finance Investment
Understand Sunk Cost, a financial concept referring to past costs that cannot be recovered and should not influence current decision making. Learn its definition, implications, and how it differs from concepts like opportunity cost.
Read more about Sunk Cost: Definition and Implications.
August 31, 2024 4 min read Definitions
Sunk Cost Fallacy: The Result of Misguided Investments
Economics Behavioral Economics Decision Making Sunk Cost Investment Decision Economic Behavior Cognitive Bias Irrational Decision
The Sunk Cost Fallacy is the phenomenon whereby decision-makers continue investing in a project due to the amount already invested, despite new evidence suggesting that the cost will not be recovered.
Read more about Sunk Cost Fallacy: The Result of Misguided Investments.
August 24, 2024 3 min read Definitions
Sunk Cost and the Sunk Cost Fallacy: Understanding Irrecoverable Expenditures
Economics Finance Sunk Cost Sunk Cost Fallacy Decision Making Economic Choice Finance Principles
A comprehensive guide to sunk costs, their implications in decision-making, and avoiding the sunk cost fallacy. Learn about different types of sunk costs, how they affect economic choices, and practical examples.
Read more about Sunk Cost and the Sunk Cost Fallacy: Understanding Irrecoverable Expenditures.

Finance Dictionary Pro

Our mission is to empower you with the tools and knowledge you need to make informed decisions, understand intricate financial concepts, and stay ahead in an ever-evolving market.