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Evaluating the sunk cost effect

David Ronayne (ESMT Berlin), Daniel Sgroi (University of Warwick, ESRC CAGE Centre and IZA), Anthony Tuckwell (University of Warwick and ESRC CAGE Centre) ; IZA Institute of Labor Economics

We provide experimental evidence of behavior consistent with the sunk cost effect. Subjects who earned a lottery via a real-effort task were given an opportunity to switch to a dominant lottery; 23% chose to stick with their dominated lottery. The endowment effect accounts for roughly only one third...

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Bibliographic details
Volume: no. 14257
Main Author: Ronayne, David
Sgroi, Daniel
Tuckwell, Anthony
Format: eBook
Language: English
Related: Forschungsinstitut zur Zukunft der Arbeit ¬[Herausgebendes Organ]
Ort : Verlag : ErscheinungsdatumBonn, Germany : IZA Institute of Labor Economics : April 2021
Erscheinungsort: (Ort)Bonn
Extent: 1 Online-Ressource (16, A-6 Seiten) : Diagramme
Umfang: (Dateityp; Kodierungsformat)Textdatei; PDF
Series: Discussion paper series / IZA Institute of Labor Economics ; no. 14257
Links: Fulltext
HBZ-ID: HT020903428 » further libraries in North Rhine-Westphalia
Database: ULB Bonn