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dc.contributor.advisorMannberg, Andrea
dc.contributor.authorSkognes, Martin Tangstad
dc.contributor.authorNoste, Hannah Sire Kristoffersen
dc.description.abstractWe 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 projects require investments in time and effort. If it is the case that behavioural sunk costs influence risk-taking decisions, it will be a particularly important finding in the field of risk-taking in avalanche terrain, as these types of activities are associated with large behavioural sunk costs. Our analysis is based on data from an experiment held at the start of 2020, with participants (N=65) from the psychology faculty at the University of Tromsø – The Arctic University of Norway. We are unable to find evidence of sunk cost effects. We do, however, find that risk-taking falls with time spent playing the game. This finding can either represent a learning effect or perhaps a reversed sunk cost effect.en_US
dc.publisherUiT Norges arktiske universiteten_US
dc.publisherUiT The Arctic University of Norwayen_US
dc.rights.holderCopyright 2020 The Author(s)
dc.rightsAttribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0)en_US
dc.subjectRisk-Taking Behaviouren_US
dc.subjectSunk Costsen_US
dc.titleThe Sunk Cost Fallacy and Risk-Taking Behaviour. Evidence from a computer game experimenten_US
dc.typeMaster thesisen_US

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Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0)
Except where otherwise noted, this item's license is described as Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0)