Download or read book Why Can t You Give Up Exploring the sunk Cost Effect written by Jian Liu Silverstein and published by . This book was released on 2001 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book An Exploration of the Sunk Cost Effect written by Martin Derek Coleman and published by . This book was released on 2004 with total page 346 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Sunk Cost Effect of Time written by Anton Domingo Navarro and published by . This book was released on 2007 with total page 63 pages. Available in PDF, EPUB and Kindle. Book excerpt: The sunk cost effect previously has been demonstrated with sunk costs of money, but not of time. The present studies explored the potential for a sunk "time" effect by using both the questionnaire method and a behavioral method. The results of the questionnaire experiments (Experiments 1-5) suggest that a sunk time effect does exist, and that certain qualities of the sunk time, such as how fun or boring it is, might impact the effect. The results of the behavioral experiments (Experiments 6-9) also generally suggest a sunk time effect. Some of the behavioral experiments tested the prediction that personal responsibility for initiating sunk cost is a prerequisite of the sunk time effect. The results of Experiment 6 support the prediction while the results of Experiment 8 counter it. Experiment 9 indicates that sunk effort might have been relatively prominent in Experiment 8, leaving open the possible role of personal responsibility, and Experiment 7 suggests that where personal responsibility is a necessary precursor, it is commitment to a long sunk time, rather than mere choice, that heightens persistence. The results are discussed in terms of self-justification theory as well as other theories that may account for the sunk cost fallacy.
Download or read book Dissertation Abstracts International written by and published by . This book was released on 2002 with total page 896 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture ICEDBC 2022 written by Yushi Jiang and published by Springer Nature. This book was released on 2023-05-11 with total page 1906 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is an open access book. With the support of universities and the research of AEIC Academic Exchange Center, The 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022) will be held in Dali from June 24th to 26th. Compared with previous conferences, it will discuss more in-depth economic independent innovation, open cooperation and innovative business culture under the background of the new development stage, new situation and new journey era. There will be a broad exchange environment. Well-known experts, scholars or entrepreneurs in the field will be invited to make keynote reports. Contributing authors are also very welcome to actively participate in the conference and build an academic exchange ceremony.
Download or read book Sunk Cost written by Fouad Sabry and published by One Billion Knowledgeable. This book was released on 2024-03-30 with total page 301 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is Sunk Cost In economics and business decision-making, a sunk cost is a cost that has already been incurred and cannot be recovered. Sunk costs are contrasted with prospective costs, which are future costs that may be avoided if action is taken. In other words, a sunk cost is a sum paid in the past that is no longer relevant to decisions about the future. Even though economists argue that sunk costs are no longer relevant to future rational decision-making, people in everyday life often take previous expenditures in situations, such as repairing a car or house, into their future decisions regarding those properties. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Sunk cost Chapter 2: Cognitive bias Chapter 3: Daniel Kahneman Chapter 4: Amos Tversky Chapter 5: Behavioral economics Chapter 6: Prospect theory Chapter 7: Supply and demand Chapter 8: Managerial economics Chapter 9: Loss aversion Chapter 10: Status quo bias Chapter 11: Endowment effect Chapter 12: Richard Thaler Chapter 13: Planning fallacy Chapter 14: Mental accounting Chapter 15: Escalation of commitment Chapter 16: Disposition effect Chapter 17: Reference class forecasting Chapter 18: Heuristic (psychology) Chapter 19: Thinking, Fast and Slow Chapter 20: Cognitive bias mitigation Chapter 21: David Gal (II) Answering the public top questions about sunk cost. (III) Real world examples for the usage of sunk cost in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Sunk Cost.
Download or read book The New Science of Learning written by Todd D. Zakrajsek and published by Taylor & Francis. This book was released on 2023-07-03 with total page 159 pages. Available in PDF, EPUB and Kindle. Book excerpt: While preserving the elements that have made the previous two editions so successful—such as chapters on sleep, exercise, memory and mindset—this third edition introduces students to wholly new aspects of brain function and how they impact learning; and furthermore, addresses the challenges of learning online. By introducing new concepts, strategies, and applications related to learning and memory that are based on current findings in cognitive, social, and motivational psychology, this text offers a richer and more complete picture of how brain science illuminates how we learn. Students assigned this book will be equipped to design effective learning plans, employ new strategies, recognize learning traps, discover ways to work effectively in groups, improve recall, and realize better academic performance through test-taking and paper-writing strategies. This new edition also addresses the concerns of all students—particularly those unfamiliar with the college setting and its expectations and assumptions—and offers strategies for success. In keeping with the preceding editions, this book introduces students to concepts, techniques, strategies, tips, and ideas to help them be academically stronger students, advance faster in their studies, and demonstrate what they have learned more effectively—in short, how anyone can learn to be a better learner by learning how to learn in harmony with their brain. The book remains compact and student-friendly, offers examples of practice, and includes discussion questions at the end of each chapter.
Download or read book Don t Stop Now written by Collin Weigel and published by . This book was released on 2018 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: Though widely accepted in psychology, the Sunk Cost Effect (SCE) finds little support from recent evidence in economics. The SCE is when individuals continue along an unprofitable course because of resources expended. The present study employs an abstract laboratory setting with a simple optimal decision rule and repeated decisions to estimate the SCE. The unique design, modeled after penny auctions, allows subjects to endogenously accumulate sunk costs, which psychologists claim is an important component. I find evidence that sunk costs increase one's willingness to continue along an unprofitable course of action by 21.9%. Subjects do not learn to ignore sunk costs. Reference-based theories provide an alternative mechanism for SCE behavior. Though I find evidence against Realization Utility, reference points explain observed behavior better than sunk costs do. This draws into question whether there is a need for a separate SCE or if the Effect is only a special case of Prospect Theory. Proposed potential mediators are responsibility for sunk costs, gain/loss domain of the choice, profitability of the action, and time between sinking costs and taking action.
Download or read book The Paradox of Choice written by Barry Schwartz and published by Harper Collins. This book was released on 2009-10-13 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: Whether we're buying a pair of jeans, ordering a cup of coffee, selecting a long-distance carrier, applying to college, choosing a doctor, or setting up a 401(k), everyday decisions—both big and small—have become increasingly complex due to the overwhelming abundance of choice with which we are presented. As Americans, we assume that more choice means better options and greater satisfaction. But beware of excessive choice: choice overload can make you question the decisions you make before you even make them, it can set you up for unrealistically high expectations, and it can make you blame yourself for any and all failures. In the long run, this can lead to decision-making paralysis, anxiety, and perpetual stress. And, in a culture that tells us that there is no excuse for falling short of perfection when your options are limitless, too much choice can lead to clinical depression. In The Paradox of Choice, Barry Schwartz explains at what point choice—the hallmark of individual freedom and self-determination that we so cherish—becomes detrimental to our psychological and emotional well-being. In accessible, engaging, and anecdotal prose, Schwartz shows how the dramatic explosion in choice—from the mundane to the profound challenges of balancing career, family, and individual needs—has paradoxically become a problem instead of a solution. Schwartz also shows how our obsession with choice encourages us to seek that which makes us feel worse. By synthesizing current research in the social sciences, Schwartz makes the counter intuitive case that eliminating choices can greatly reduce the stress, anxiety, and busyness of our lives. He offers eleven practical steps on how to limit choices to a manageable number, have the discipline to focus on those that are important and ignore the rest, and ultimately derive greater satisfaction from the choices you have to make.
Download or read book Why Startups Fail written by Tom Eisenmann and published by Currency. This book was released on 2021-03-30 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt: If you want your startup to succeed, you need to understand why startups fail. “Whether you’re a first-time founder or looking to bring innovation into a corporate environment, Why Startups Fail is essential reading.”—Eric Ries, founder and CEO, LTSE, and New York Times bestselling author of The Lean Startup and The Startup Way Why do startups fail? That question caught Harvard Business School professor Tom Eisenmann by surprise when he realized he couldn’t answer it. So he launched a multiyear research project to find out. In Why Startups Fail, Eisenmann reveals his findings: six distinct patterns that account for the vast majority of startup failures. • Bad Bedfellows. Startup success is thought to rest largely on the founder’s talents and instincts. But the wrong team, investors, or partners can sink a venture just as quickly. • False Starts. In following the oft-cited advice to “fail fast” and to “launch before you’re ready,” founders risk wasting time and capital on the wrong solutions. • False Promises. Success with early adopters can be misleading and give founders unwarranted confidence to expand. • Speed Traps. Despite the pressure to “get big fast,” hypergrowth can spell disaster for even the most promising ventures. • Help Wanted. Rapidly scaling startups need lots of capital and talent, but they can make mistakes that leave them suddenly in short supply of both. • Cascading Miracles. Silicon Valley exhorts entrepreneurs to dream big. But the bigger the vision, the more things that can go wrong. Drawing on fascinating stories of ventures that failed to fulfill their early promise—from a home-furnishings retailer to a concierge dog-walking service, from a dating app to the inventor of a sophisticated social robot, from a fashion brand to a startup deploying a vast network of charging stations for electric vehicles—Eisenmann offers frameworks for detecting when a venture is vulnerable to these patterns, along with a wealth of strategies and tactics for avoiding them. A must-read for founders at any stage of their entrepreneurial journey, Why Startups Fail is not merely a guide to preventing failure but also a roadmap charting the path to startup success.
Download or read book Essentials of the New Science of Learning written by Todd D. Zakrajsek and published by Taylor & Francis. This book was released on 2024-08-28 with total page 139 pages. Available in PDF, EPUB and Kindle. Book excerpt: This streamlined adaption of the best-selling book The New Science of Learning: How to Learn in Harmony with Your Brain is a distillation of the most essential and immediately effective tips and strategies selected specifically to put college students on the path to success. In this primer, Zakrajsek masterfully translates complex findings from cognitive psychology and neuroscience into easy-to-understand concepts that can be used immediately to learn faster and retain information longer. Readers will come away with strategies that have been demonstrated throughout the world to improve learning, as well as a greatly enhanced understanding of how the learning process works. Taking just a few hours to read the material in this book and practice what has been assembled for learners at any level may well prove to be one of the best decisions a college student can make. Essentials of the New Science of Learning: The Power of Learning in Harmony With Your Brain is ideal for individual student use or as a powerful supplement to any course, in any course, across the college curriculum.
Download or read book The Ethics of Capitalism written by Daniel Halliday and published by Oxford University Press. This book was released on 2020-05-13 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: Can capitalism have moral foundations? Though this question may seem strange in today's world of vast economic disparities and widespread poverty, discussions originating with the birth of capitalism add a critical perspective to the current debate on the efficacy and morality of capitalist economies. Authors Daniel Halliday and John Thrasher use this question to introduce classical political philosophy as a framework by which to evaluate the ethics of capitalism today. They revisit and reconstruct historical eighteenth- and nineteenth-century defenses of capitalism, as written by key proponents such as Adam Smith and John Stuart Mill. They ask what these early advocates of market order would say about contemporary economies, and argue for the importance of connecting these foundational defenses to discussions of economic systems and the roles they play in economic justice and injustice today. The textbook covers longstanding problems that are as old as the discussion of capitalism itself, such as wage inequality, global trade, and the connection between paid labor and human flourishing. It also addresses new challenges, such as climate change, the welfare state, and competitive consumption, and provides topical global case studies. Additionally, it includes study questions at the end of each chapter and an author-created companion website to help guide classroom discussion.
Download or read book Microeconomics written by Samuel Bowles and published by Oxford University Press. This book was released on 2022 with total page 1068 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bowles and Halliday capture the intellectual excitement, analytical precision, and policy relevance of the new microeconomics that has emerged over the past decades. Drawing on themes of the classical economists from Smith through Marx and 20th century writers - including Hayek, Coase, and Arrow - the authors use twenty-first century analytical methods to address enduring challenges in economics. The subtitle of the work - Competition, conflict, and coordination - signals their focus on how the institutions of a modern capitalist economy work, introducing students to recent developments in the microeconomics of credit and labor markets with asymmetric information, a dynamic analysis of how firms compete going beyond price taking, as well as bargaining over the gains from exchange, social norms, and the exercise of power. The new benchmark model proposed by Bowles and Halliday is based on an empirical approach to economic actors and problems. They start from the premise that contracts are incomplete, and that as a result market failures, rather than being a special case illustrated by environmental spillovers, are to be expected in markets for labor, credit, knowledge and throughout the economy. They explain how experiments show that human motivations include ethical as well as other-regarding preferences (rather than entirely self-interested) and explain why the technologies of knowledge-based economies are a source of winner-take-all rather than stable competition. The authors also consider the intrinsic limits of mechanism design and governmental interventions in the economy. Teaching recent developments in microeconomic theory allows the authors to provide students with the tools to analyze and engage in informed debate on the issues that concern them most: climate change, inequality, innovation, and epidemic spread. Tradeoffs are highlighted by providing models in which capitalism can be seen as an "innovation machine" that raises material living standards on average, while at the same time sustaining levels of inequality that many find to be unfair. Digital formats and resources This title is available for students and institutions to purchase in a variety of formats and is supported by online resources. The e-book offers a mobile experience and convenient access to a variety of features that offer extra learning support. It allows students to engage in self-assessment activities, watch video material that further explains figures and mathematics, and offers the opportunity to work with interactive graphs to understand how the models work. Drawing on the authors' decades of teaching the new microeconomics, this title is supported by a range of online resources for students and lecturers including multiple-choice-questions with instant feedback, further mathematical and discussion-based questions, a fully customizable test bank for lecturer use, PowerPoint slides to accompany each chapter, worksheets that can be assigned to the class, and answers to the problems set in the book.
Download or read book Developing Resilience in FE Teaching written by David Allan and published by Taylor & Francis. This book was released on 2022-05-04 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt: Developing Resilience in FE Teaching explores the essence of resilience and provides practical approaches for working in the Further Education sector. Emphasising the importance of reflection and self-growth, it outlines strategies to help teachers identify and deal with stress, using real-life case studies to exemplify key concerns. This book is divided into three main sections: Part One identifies the sector’s needs and recognizes resilience as a key attribute for FE teachers to survive and thrive in the modern world, explores the importance of strength and positivity in both physical and mental health, and examines the many ways in which these contribute to the development of individual resilience; Part Two outlines a variety of practical strategies and approaches for teachers to utilise their experiences to construct resilience over time; and Part Three presents real-life scenarios of resilience-building from various professionals working in the sector. Developing Resilience in FE Teaching synthesizes a wide range of current ideas and research to provide a practical and useful guide for FE teachers, and for those working in the FE sector. It serves as an important resource for teachers and equips them with the necessary skills to become resilient professionals in the modern workplace.
Download or read book The Cambridge Handbook of Expertise and Expert Performance written by K. Anders Ericsson and published by . This book was released on 2018-05-17 with total page 985 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book, some of the world's foremost 'experts on expertise' provide scientific knowledge on expertise and expert performance.
Download or read book Microeconomics written by Paul Krugman and published by Macmillan. This book was released on 2008-09-25 with total page 656 pages. Available in PDF, EPUB and Kindle. Book excerpt: The second edition of this popular text has been extensively revised and updated to provide students with a comprehensive overview of Microeconomics. Internationally renowned author Paul Krugman and experienced Microeconomics Lecturer Robin Wells use real world examples to explain economic ideas, making them easy to understand.
Download or read book Forgotten Americans written by Isabel Sawhill and published by Yale University Press. This book was released on 2018-09-25 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: A sobering account of a disenfranchised American working class and important policy solutions to the nation’s economic inequalities One of the country’s leading scholars on economics and social policy, Isabel Sawhill addresses the enormous divisions in American society—economic, cultural, and political—and what might be done to bridge them. Widening inequality and the loss of jobs to trade and technology has left a significant portion of the American workforce disenfranchised and skeptical of governments and corporations alike. And yet both have a role to play in improving the country for all. Sawhill argues for a policy agenda based on mainstream values, such as family, education, and work. While many have lost faith in government programs designed to help them, there are still trusted institutions on both the local and federal level that can deliver better job opportunities and higher wages to those who have been left behind. At the same time, the private sector needs to reexamine how it trains and rewards employees. This book provides a clear-headed and middle-way path to a better-functioning society in which personal responsibility is honored and inclusive capitalism and more broadly shared growth are once more the norm.
