Sunk costs in the human brain
A Haller, L Schwabe - Neuroimage, 2014 - Elsevier
… effect is one of the most consequential biases in human decision-making. It can explain why
… Here, we provide insight into how the sunk cost effect is represented in the human brain. …
… Here, we provide insight into how the sunk cost effect is represented in the human brain. …
Neural mechanisms and personality correlates of the sunk cost effect
J Fujino, S Fujimoto, F Kodaka, CF Camerer… - Scientific Reports, 2016 - nature.com
… It is possible that brain activation during sunk cost decision-making identified in the current
study could have partially reflected higher incurred ticket prices of the non-preferred option or …
study could have partially reflected higher incurred ticket prices of the non-preferred option or …
An fMRI study on sunk cost effect
… human brain really treats them in the same way, then the neural correlates of sunk cost and
incremental cost … of these brain regions correlated with sunk cost, suggesting sunk cost effect …
incremental cost … of these brain regions correlated with sunk cost, suggesting sunk cost effect …
Sensitivity to “sunk costs” in mice, rats, and humans
… Past-effort heuristics, SDVL, and WTC can indeed be prominent drivers of the sunk cost
effect in our data when sunk cost effects are present. Therefore, our work brings up an intriguing …
effect in our data when sunk cost effects are present. Therefore, our work brings up an intriguing …
The time and social context in Sunk-Cost effect
J Hrgović, I Hromatko - Evolutionary psychological science, 2018 - Springer
… The complexity of the human environment caused our brains to develop the ability to discern
among many relevant pieces of information and make appropriate choices or decisions (…
among many relevant pieces of information and make appropriate choices or decisions (…
The sunk cost and Concorde effects: Are humans less rational than lower animals?
… of the sunk cost effect: The patrons' sunk cost influenced their attendance decisions. …
humans should be less susceptible to the sunk cost effect than are adult humans. Young …
humans should be less susceptible to the sunk cost effect than are adult humans. Young …
The evolutionary logic of honoring sunk costs
M Eswaran, HM Neary - Economic Inquiry, 2016 - Wiley Online Library
… human brain has a triune4 rather than a unitary structure (MacLean 1989; Panksepp 1998).
Because of the way the brain … and the motivational areas of the brain. In Section III, we argue …
Because of the way the brain … and the motivational areas of the brain. In Section III, we argue …
Inaction inertia, the sunk cost effect, and handedness: Avoiding the losses of past decisions
JE Westfall, JD Jasper, S Christman - Brain and cognition, 2012 - Elsevier
… sunk cost condition versus the low sunk cost condition. However if monetary information is
not what prompts mixed-handers to update their beliefs, they will not show a different pattern …
not what prompts mixed-handers to update their beliefs, they will not show a different pattern …
Sunk cost sensitivity during change-of-mind decisions is informed by both the spent and remaining costs
… observe sunk cost sensitivity at all times within the wait zone. Nor do we observe sunk cost
sensitivity uniformly within the waiting zone. Instead, we find that the sensitivity to sunk costs …
sensitivity uniformly within the waiting zone. Instead, we find that the sensitivity to sunk costs …
Apparent sunk cost effect in rational agents
… sunk cost sensitivity. First, we provide an intuitive example of investment behavior without
sunk costs to illustrate how apparent sunk cost … How the human brain manages the trade-off …
sunk costs to illustrate how apparent sunk cost … How the human brain manages the trade-off …