Evidence from hypothetical scenarios strongly suggests the existence of a sunk cost bias, the tendency to ‘throw good … psychological channels underlying such a bias is scarce. We present a laboratory experiment designed to investigate the sunk cost … bias and to test some prominent psychological mechanisms. Inspired by the hypothetical scenarios, we use a two …

everybody else or another "unspeci fied" individual is doing, they exhibit a consensus bias (believing that others are similar … shows that not accounting for the biases will typically bias estimates of game-theoretic thinking upwards. …

We synthesize and discuss the available knowledge on the role of human cognition biases for sustainability and … sustainable behavior. Human cognition biases are defined as any deviation in decision making from the standard framework of …, human cognition biases in group settings are central to understanding many of the current sustainability issues. Moreover …