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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This habit of starting work on a project with the utmost haste and then seeking regularisations from the judiciary or the next government, pointing out the obvious sunk costs if left incomplete is a tactic used by governments in a bid to get away with doing what they want, disregarding environmental or economic feasibility studies.
A little voice in our heads says, 'I've spent all this time, money, effort, if I give up now all that will have gone to waste.' Thing is, with sunk costs, what's gone is gone.
All there is, is the spectre of sunk costs keeping one from pivoting to something new.
Even more surprising, neither mice, rats, nor humans took into account the sunk costs spent while deliberating.
(DBC) in connection with sunk costs. The Rating Outlook is Stable.
There are also parallels between how economists should view DIY and how they already view sunk costs.
Barajas noted that investors larger sunk costs in developing large projects has the effect of making them more aggressive competitors for Mexicos electricity demand, adding that, if solar installation costs continue to fall, solar developers will likely gain the upper hand, because solar developments may be more agile at starting small to meet opportunistic market openings and then scaling up as footholds are gained throughout the country.He closed by noting that project-finance lenders risk appetite will ultimately determine the course and speed of development in Mexicos growing renewable energy market.
While Saul Goodman is in a lot of trouble in episode 3, titled "Sunk Costs," Mike's life is about to change.
Brand creation can make industry and this adds to the substantial sunk costs and big-scale economies to be hurdled by a new entrant.'
By remaining introspective and measuring time spent versus the ROI of every activity in the business, brokers keep their agencies agile without getting attached to inefficient processes and sunk costs.
Varying the costs of sunk costs: optimal and non-optimal choices in a sunk-cost task with humans.
For years I've been reading that it's "the death of the high street" with more and more established retailers trading online and start-ups not considering the high street at all due to the risk faced in signing a lease and the sunk costs involved.