Article

Apparent sunk cost effect in rational agents

2021-03-27

Abstract excerpt

Rational decision makers aim to maximize their gains, but humans and other animals often fail to do so, exhibiting biases and distortions in their choice behavior. In a recent study of economic decisions, humans, mice, and rats have been reported to succumb to the sunk cost fallacy, making decisions based on irrecoverable past investments in detriment of expected future returns. We challenge this interpretation be...

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Literature Corpus work: 595c92a9-db3a-5ad6-8440-f982bb30e227
DOI: 10.1101/2021.03.26.437119

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