April 2021
IZA DP No. 14257: Evaluating the Sunk Cost Effect
published in: Journal of Economic Behavior & Organization, 2021, 186, 318 - 327
Keywords
- sunk cost effect
- sunk cost fallacy
- endowment effect
- cognitive ability
- fluid intelligence
- crystallized intelligence
- reflective thinking
- randomized controlled trial
- online experiment
- online survey
- psychological scales
- scale validation
- Raven’s progressive matrices
- international cognitive ability resource
- cognitive reflection test
- openness