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Sunk cost: Pigeons (Columba livia), too, show bias to complete a task rather than shift to another.
16 references·16 citing·46 second hopsampled
Sunk cost: Pigeons (Columba livia), too, show bias to complete a task rather than shift to another. (2011)Sunk cost: Pigeons (Columba livia), too, …A Theory of Cognitive Dissonance (2017)A Theory of Cognitive Dissona…Endowment effect in capuchin monkeys (2008)Endowment effect in capuchin …Endowment Effects in Chimpanzees (2007)Endowment Effects in Chimpanz…The Boundaries of Loss Aversion (2005)The Boundaries of Loss Aversi…Cost can increase preference in starlings (2002)Cost can increase preference …The Endowment Effect and Evidence of Nonreversible Indifference Curves (2000)The Endowment Effect and Evid…“work ethic” in pigeons: Reward value is directly related to the effort or time required to obtain the reward (2000)“work ethic” in pigeons: Rewa…The sunk cost and Concorde effects: Are humans less rational than lower animals? (1999)The sunk cost and Concorde ef…Judgment and Decision Making: An Interdisciplinary Reader (1999)Judgment and Decision Making:…Risky Theories—The Effects of Variance on Foraging Decisions (1996)Risky Theories—The Effects of…Exponential Versus Hyperbolic Discounting of Delayed Outcomes: Risk and Waiting Time (1996)Exponential Versus Hyperbolic…The Escalation of Commitment to a Failing Course of Action: Toward Theoretical Progress (1992)The Escalation of Commitment …Status quo bias in decision making (1988)Status quo bias in decision m…The psychology of sunk cost (1985)The psychology of sunk costThe Escalation of Commitment To a Course of Action (1981)The Escalation of Commitment …Factors affecting entrapment in waiting situations: The Rosencrantz and Guildenstern effect. (1975)Factors affecting entrapment …The impact of childhood environments on the sunk‐cost fallacy (2022)The impact of childhood envir…Sunk cost sensitivity during change-of-mind decisions is informed by both the spent and remaining costs (2022)Sunk cost sensitivity during …Sensitivity to Sunk Costs Depends on Attention to the Delay (2021)Sensitivity to Sunk Costs Dep…Certainty and uncertainty of the future changes planning and sunk costs. (2021)Certainty and uncertainty of …Capuchin and rhesus monkeys show sunk cost effects in a psychomotor task (2020)Capuchin and rhesus monkeys s…What Suboptimal Choice Tells Us About the Control of Behavior (2019)What Suboptimal Choice Tells …The Value of Research in Comparative Cognition (2018)The Value of Research in Comp…Rats behave optimally in a sunk cost task (2017)Rats behave optimally in a su…When Humans and Other Animals Behave Irrationally (2016)When Humans and Other Animals…The sunk cost effect across species: A review of persistence in a course of action due to prior investment (2016)The sunk cost effect across s…When animals misbehave: Analogs of human biases and suboptimal choice (2014)When animals misbehave: Analo…The effect of a prior investment on choice: The sunk cost effect. (2014)The effect of a prior investm…Varying the costs of sunk costs: Optimal and non‐optimal choices in a sunk‐cost task with humans (2013)Varying the costs of sunk cos…Optimal and nonoptimal choice in a laboratory‐based sunk cost task with humans: A cross‐species replication (2013)Optimal and nonoptimal choice…An fMRI study on sunk cost effect (2013)An fMRI study on sunk cost ef…Sunk cost and work ethic effects reflect suboptimal choice between different work requirements (2012)Sunk cost and work ethic effe…Prospect theory: An analysis of decision under risk (1988)Experimental Tests of the Endowment Effect and the Coase Theorem (2000)Fairness as a Constraint on Profit Seeking: Entitlements in the Market (2000)Does Market Experience Eliminate Market Anomalies? (2003)Risk as Analysis and Risk as Feelings: Some Thoughts about Affect, Reason, Risk, and Rationality (2004)The Structure of Scientific Revolutions (1963)Prospect Theory: An Analysis of Decision under Risk (1979)Loss Aversion in Riskless Choice: A Reference-Dependent Model (1991)A perspective on judgment and choice: Mapping bounded rationality. (2003)Maps of Bounded Rationality: Psychology for Behavioral Economics (2003)Judgment under Uncertainty: Heuristics and Biases (1975)Individual differences in reasoning: Implications for the rationality debate? (2000)Heuristics and Biases: The Psychology of Intuitive Judgment (2004)Instructional manipulation checks: Detecting satisficing to increase statistical power (2009)The Presentation of Self in Everyday Life. (1956)A Cross-Cultural Study on Escalation of Commitment Behavior in Software Projects1 (2000)Conceptualization and measurement of temporal focus: The subjective experience of the past, present, and future (2009)Organizational Response to Adversity: Fusing Crisis Management and Resilience Research Streams (2017)The logic of risk-sensitive foraging preferences (1981)DISCOUNTING OF DELAYED REWARDS: MODELS OF INDIVIDUAL CHOICE (1995)Life expectancy, economic inequality, homicide, and reproductive timing in Chicago neighbourhoods (1997)Risky business: the neuroeconomics of decision making under uncertainty (2008)Choices, Values, and Frames (2013)Fear of the unknown: One fear to rule them all? (2016)Rational choice and the structure of the environment. (1956)Subjective probability: A judgment of representativeness (1972)The Framing of Decisions and the Psychology of Choice (1981)The Importance of Goal Disengagement in Adaptive Self-Regulation: When Giving Up is Beneficial (2003)On the Emotional Value of Owning a Firm (2008)Distinguishing the reflective, algorithmic, and autonomous minds: Is it time for a tri-process theory? (2009)A Theory of Cognitive Dissonance (1957)Judgment under Uncertainty: Heuristics and Biases (1974)Belief, Attitude, Intention and Behavior: An Introduction to Theory and Research (1975)Judgment in Managerial Decision Making (1986)The Investment Model Scale: Measuring commitment level, satisfaction level, quality of alternatives, and investment size (1998)Artificial Intelligence and Management: The Automation–Augmentation Paradox (2021)Choices, values, and frames. (1984)Up Close and Personal: Investor Sophistication and the Disposition Effect (2006)Risk Aversion in the Laboratory (2008)Reference-Dependent Consumption Plans (2009)The common knowledge effect: Information sharing and group judgment. (1993)The Role of Representative Design in an Ecological Approach to Cognition. (2004)Ranking irregularities when evaluating alternatives by using some ELECTRE methods (2006)The case for motivated reasoning. (1990)Managing Legitimacy: Strategic and Institutional Approaches (1995)The Emerging Field of Emotion Regulation: An Integrative Review (1998)
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References

  • 2017A Theory of Cognitive Dissonance18,122 cited
  • 1988Status quo bias in decision making5,912 cited
  • 1985The psychology of sunk cost2,579 cited
  • 1981The Escalation of Commitment To a Course of Action1,692 cited
  • 1992The Escalation of Commitment to a Failing Course of Action: Toward Theoretical Progress1,056 cited
  • 2000The Endowment Effect and Evidence of Nonreversible Indifference Curves899 cited
  • 2005The Boundaries of Loss Aversion706 cited
  • 1996Risky Theories—The Effects of Variance on Foraging Decisions571 cited
  • 1999The sunk cost and Concorde effects: Are humans less rational than lower animals?554 cited
  • 1999Judgment and Decision Making: An Interdisciplinary Reader345 cited
  • 1996Exponential Versus Hyperbolic Discounting of Delayed Outcomes: Risk and Waiting Time292 cited
  • 1975Factors affecting entrapment in waiting situations: The Rosencrantz and Guildenstern effect.204 cited
  • 2007Endowment Effects in Chimpanzees198 cited
  • 2000“work ethic” in pigeons: Reward value is directly related to the effort or time required to obtain the reward182 cited
  • 2008Endowment effect in capuchin monkeys176 cited

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  • 2002Cost can increase preference in starlings176 cited
  • Cited by

    • 2016The sunk cost effect across species: A review of persistence in a course of action due to prior investment44 cited
    • 2013An fMRI study on sunk cost effect28 cited
    • 2014When animals misbehave: Analogs of human biases and suboptimal choice24 cited
    • 2014The effect of a prior investment on choice: The sunk cost effect.21 cited
    • 2019What Suboptimal Choice Tells Us About the Control of Behavior21 cited
    • 2021Sensitivity to Sunk Costs Depends on Attention to the Delay21 cited
    • 2012Sunk cost and work ethic effects reflect suboptimal choice between different work requirements15 cited
    • 2022Sunk cost sensitivity during change-of-mind decisions is informed by both the spent and remaining costs14 cited
    • 2013Optimal and nonoptimal choice in a laboratory‐based sunk cost task with humans: A cross‐species replication13 cited
    • 2016When Humans and Other Animals Behave Irrationally12 cited
    • 2013Varying the costs of sunk costs: Optimal and non‐optimal choices in a sunk‐cost task with humans12 cited
    • 2020Capuchin and rhesus monkeys show sunk cost effects in a psychomotor task11 cited
    • 2021Certainty and uncertainty of the future changes planning and sunk costs.10 cited
    • 2017Rats behave optimally in a sunk cost task9 cited
    • 2018The Value of Research in Comparative Cognition8 cited
    • 2022The impact of childhood environments on the sunk‐cost fallacy7 cited