Another Case of Sunk Cost (My Own)
For students of economics and the curious non-economist layman, I previously explained the concept of “sunk cost.” Here is another ...
Saturday, November 2, 2024
Tag: Sunk
Considering Sunk Costs in Decision-Making
It is well known to economists that a rational decision-maker will not include sunk costs in his decisions. Since sunk ...
Sunk Costs and the Tuck Rule
Play the hand you’re dealt. This morning I rewatched a fun ESPN “30 for 30” show about the tuck rule and ...
Sunk Costs and a Trip to CVS Pharmacy
More evidence that thinking through basic economic concepts can help you make better decisions. Last week, my wife asked me ...
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