Honesty and fairness reduce the sunk-cost effect

The sunk-cost effect (SCE) is the tendency to continue investing in an unsuccessful activity because of previous investments that cannot be recovered. We examine the SCE when continued investment is dishonest and unfair, and whether moral identity predicts decision-making in sunk-cost moral scenari...

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Bibliographic Details
Main Authors: Zach Hamzagic, Tobias Krettenauer
Format: Article
Language:English
Published: University Library Heidelberg 2025-06-01
Series:Journal of Dynamic Decision Making
Subjects:
Online Access:https://journals.ub.uni-heidelberg.de/index.php/jddm/article/view/106637
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