What is Sunk Cost
Web A sunk cost is an investment that has already been made and cannot be recovered. Web The sunk cost fallacy is a logical fallacy that entails sticking with a losing or failed venture because youve already invested a significant amount of time money or other resources. The Sunk Cost Fallacy What Is It And Why Does It Happen Web Sunk cost fallacy happens when a business decides to continue its spending because of the pet decisions involved like time money and resources instead of taking a rational decision and following choices that will maximize the returns. . It is typically used in the context of businesses. Web Sunk cost meaning. Web The sunk cost definition states that these are already incurred expenses and are not recoverable. Web A sunk cost is a cost that has already been spent but is not recoverable in any case and future business decisions should not be affected by past spending. Examples of sunk costs in busin