Why humans care about sunk costs while animals don't. An evolutionary explanation
Year of publication: |
2005-09
|
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Authors: | Höffler, Felix |
Institutions: | Max-Planck-Institut zur Erforschung von Gemeinschaftsgütern, Max-Planck-Gesellschaft |
Subject: | Concorde fallacy | Sunk costs | Evolutionary game theory | Replicator Dynamics | Risk aversion |
Extent: | application/pdf |
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Series: | |
Type of publication: | Book / Working Paper |
Language: | English |
Notes: | Number 2005_17 25 pages |
Classification: | C73 - Stochastic and Dynamic Games ; D81 - Criteria for Decision-Making under Risk and Uncertainty ; D83 - Search, Learning, Information and Knowledge |
Source: |
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Why humans care about sunk costs while animals don't: an evolutionary explanation
Höffler, Felix, (2005)
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Why Humans Care About Sunk Costs While Animals Don'T. An Evolutionary Explanation
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