• The Sunk Cost Fallacy and Risk-Taking Behaviour. Evidence from a computer game experiment 

      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 ...