sunk cost


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sunk cost

Managed care
Costs in equipment, reagents and dedicated supplies that have already been incurred, which are not included in future budget or financial considerations. Sunk costs are typically lost when a technology becomes obsolete.

Psychology
A metaphorical term for the regret of having made a particular choice that resulted in a lost opportunity.
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'Nissan has invested significantly in electrification, but that sunk cost has yet to pay off with substantive electric vehicle sales.
The AIM-listed firm said it will seek a material up-front cash contribution towards sunk cost from any potential partner and expects the potential partner to fund some or all of a specified number of future wells in order to earn their working interest.
In other words the 'sunk cost fallacy' is trying to recover an investment that's already gone.
As with any 'sunk cost,' the money you've spent is gone - whether or not you keep the items.
 This is the "sunk cost."  Even when evidence suggests the costs exceed the benefit, there's no going back.
This is a clear indication that you are in a memory kludge and you allowed yourself to be a victim of the sunk cost fallacy.
Sunk cost is akin to the law of diminishing returns in Economics.
Summary: TEHRAN (FNA)- New research has shown that mice, rats, and humans all commit the sunk cost fallacy.
principle namely, Sunk Cost Fallacy - becoming psychologically invested in costs already incurred regardless of what the current and future costs and benefits are.
Most people would keep watching the movie would stick out the relationship would not do anything to unseat the long-standing leader.This is because most of us suffer from the sunk cost fallacy.
But that would be falling for the sunk cost fallacy that behavioral economists talk about, of allowing past actions to dictate future ones when they should not matter anymore.
They cover linking the ethics and management control literatures, managerial accounting research in corporate social responsibility: a framework and opportunities for research, sustainability/CSR research in management accounting: a review of the literature, Simon's levers of control framework: commensuration within and of the framework, resolving the sunk cost conflict, aligning financial and management accounting policies: empirical evidence from German IFRS 8 segment reports on what drives integration, and individual performance measures: effects of experience on preference for financial or non-financial measures.