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In economics and business decision-making, a sunk cost (also known as retrospective cost) is a cost that has already been incurred and cannot be recovered. [ 1 ] [ 2 ] Sunk costs are contrasted with prospective costs , which are future costs that may be avoided if action is taken. [ 3 ]
The fallacy only seems to hold water if your budget is unlimited, which is impossible in the real world. If my budget is $100, and a sunk cost is $50, then all I have left is $50 to spend on future costs. My sunk cost most definitely affects what I can or cannot do going forward so is a real, ongoing factor and does bring future consequences.
Sunk cost From a page move : This is a redirect from a page that has been moved (renamed). This page was kept as a redirect to avoid breaking links, both internal and external, that may have been made to the old page name.
Of these, sunk costs, time investment, decision maker experience and expertise, self-efficacy and confidence, personal responsibility for the initial decision, ego threat, and proximity to project completion have been found to have positive relationships with escalation of commitment, while anticipated regret and positive information framing ...
The Vietnamese Wikipedia initially went online in November 2002, with a front page and an article about the Internet Society.The project received little attention and did not begin to receive significant contributions until it was "restarted" in October 2003 [3] and the newer, Unicode-capable MediaWiki software was installed soon after.
GDP per capita development in Vietnam. The economy of Vietnam is a developing mixed socialist-oriented market economy. [3] It is the 33rd-largest economy in the world by nominal gross domestic product (GDP) and the 26th-largest economy in the world by purchasing power parity (PPP). It is a lower-middle income country with a low cost of living.
Airports Corporation of Vietnam (ACV; Vietnamese: Tổng công ty Cảng hàng không Việt Nam) is a Vietnamese joint-stock company with 95.4% state-owned shares, based in Ho Chi Minh City. The company, operated under the Ministry of Transport of Vietnam , was founded on January 8, 2012 when three companies operating airports in the north ...
Vietnam has abundant surface and ground water resources. [11] Nevertheless, local shortages can occur during the dry season. For example, the basins of the Dong Nai River in South Vietnam, the Southeast River Cluster, Ma River in North Central Vietnam, Kone River and Huong River are expected to be at risk of exceeding projected water needs in ...