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dc.contributor.advisorMannberg, Andrea
dc.contributor.authorFosse, Gaute
dc.date.accessioned2023-03-27T07:05:11Z
dc.date.available2023-03-27T07:05:11Z
dc.date.issued2022-09-01
dc.description.abstractIn this paper we address the sunk cost effect with behavioural investment. From an incentivized task in a survey with a built-in game of two parts. Part one is a game with a 2X2 design: High sunk cost condition, High and Low treatment group. And Relevant sunk cost condition, Relevant and Irrelevant treatment group. The game is where subjects put in time and effort, for which the attributes of the game differed depending on treatment group. Part two is a decision task equal for all treatment groups, where subjects choose between a risk-free alternative and a risky alternative involving a stake. We find no evidence from testing hypothesis 1, being more likely to accept a risky bet when experiencing high sunk costs. We do find evidence from testing hypothesis 2, being more likely to accept a risky bet when experiencing Relevant sunk costs. This evidence is consistent and show robust results at the 10% significance level, in both bivariate and multivariate analyses. Using a contingency table for the bivariate analysis and a logit model for the multivariate analysis.en_US
dc.identifier.urihttps://hdl.handle.net/10037/28859
dc.language.isoengen_US
dc.publisherUiT Norges arktiske universiteten_US
dc.publisherUiT The Arctic University of Norwayen_US
dc.rights.accessRightsopenAccessen_US
dc.rights.holderCopyright 2022 The Author(s)
dc.rights.urihttps://creativecommons.org/licenses/by-nc-sa/4.0en_US
dc.rightsAttribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0)en_US
dc.subject.courseIDSOK-3901
dc.subjectVDP::Social science: 200::Economics: 210::Economics: 212en_US
dc.subjectSunk Cost Effecten_US
dc.subjectLogit Modelen_US
dc.subjectIncentivized Experimenten_US
dc.subjectBehavioural Investmenten_US
dc.subjectDecision Makingen_US
dc.subjectRisky Alternativeen_US
dc.subjectRisk-free Alternativeen_US
dc.subjectProbabilistic Outcomeen_US
dc.titleBehavioral sunk cost. Subsequent choices with prior investmenten_US
dc.typeMaster thesisen_US
dc.typeMastergradsoppgaveen_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)