Sunk eosts refer to expenditures or expenditure eommitments made in the past that cannot be altered. The
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Sunk eosts refer to expenditures or expenditure eommitments made in the past that cannot be altered. The sunk eost fallacy refers to someone allowing a sunk eost to influence irrationally a future eourse of action. Stated differently, a standard admonition is that sunk eosts should not affect a decision. What principle of eonsistent framing supports this eondusion?
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