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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 ]
South Vietnam United States North Vietnam: Commanders and leaders; William H. Stewart: Unknown: Strength; Sea: 1 minesweeper 4 cutters 7 swift boats 2 junks 1 patrol boat Air: 3 aircraft: 4 naval trawlers: Casualties and losses; None 4 cutters damaged ~14 killed 2 naval trawlers sunk 1 naval trawler scuttled
"Sunk Costs" is the third episode of the third season of the AMC television series Better Call Saul, the spinoff series of Breaking Bad. The episode aired on April 24, 2017 on AMC in the United States. Outside of the United States, the episode premiered on streaming service Netflix in several countries. [1]
The sunk cost dilemma with its sequence of good decisions should not be confused with the sunk cost fallacy, where a misconception of sunk costs can lead to bad decisions. [1] Sunk-cost fallacy occurs when people make decisions about a current situation based on what they have previously invested in the situation.
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.
[4] The next phase of the escalation process is self-justification and rationalizing if the decision the leader made used resources well, if the resources being used were used to make positive change, and assuring themselves that the decision they chose was right. Leaders must balance costs and benefits of any problem to produce a final decision.
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.
After Card was sunk, North Vietnam made use of the incident for propaganda purposes. On 20 October 1964, the North Vietnamese government issued a postage stamp which proclaimed an "Aircraft Carrier of America sunk in the Harbor of Saigon", to praise the Viet Cong commandos who carried out the attack. [11]