McAfee, R. Preston; Mialon, Hugo M.; Mialon, Sue H. - 2007
That sunk costs are not relevant to rational decision-making is often presented as one of the basic principles of … economics. When people are influenced by sunk costs in their decision-making, they are said to be committing the sunk cost … condition behavior on sunk costs, because of informational content, reputational concerns, or financial and time constraints …