A gambler places a large bet in a hand of poker and then a second larger bet later in the same hand....

A gambler places a large bet in early in a hand of poker and then a second larger bet later in the same hand. Near the end of the hand, his opponent makes a small bet. The poker player is almost positive that his opponent has superior cards, but he decides to call the small bet anyway. His reasoning is that he cannot fold because he has already invested so much money in the hand. The gambler's reasoning error is analogous to a manager violating which of the following principles of cash flow estimation? Select one: All the indirect effects of a project should be included in the cash flow calculations. Cash flows should be measured on an incremental basis. Gamblers never win. Sunk costs should not be considered when evaluating a project. The value of resources used in a project should be measured in terms of their opportunity costs