Evaluating the sunk cost effect

•Experimental evidence of the sunk cost effect in human subjects.•The endowment effect explained roughly one third of the overall effect.•Provision of a formal definition of the sunk cost effect.•Provision and validation of a scale of susceptibility to the effect: the “SCE-8”.•Cognitive reflection s...

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Bibliographic details
Volume: 186
Main Author: Ronayne, David
Sgroi, Daniel
Tuckwell, Anthony
Format: Journal Article
Language: English
Zielgruppe: Academic
Place of publication: Elsevier B.V 01.06.2021
published in: Journal of economic behavior & organization Vol. 186; pp. 318 - 327
ORCID: 0000-0001-9575-2640
Data of publication: June 2021
ISSN: 0167-2681
EISSN: 1879-1751
Discipline: Business
Online Access: available in Bonn?
Database: CrossRef
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