Skognes, Martin Tangstad; Noste, Hannah Sire Kristoffersen (Master thesis; Mastergradsoppgave, 2020-05-31)
We examine whether behavioural sunk costs are related to an increased willingness to make
risky decisions. Rational agents’ decisions should not be contingent on sunk costs; however,
foregoing research suggests that individuals in fact do react to such costs. Few studies have
examined behavioural sunk costs and risk-taking with “real stakes”, which is an important
topic of research as many ...