Examples of 'sunk cost' in a sentence
Meaning of "sunk cost"
Sunk cost refers to the cost that has already been incurred and cannot be recovered. It is a concept used in economics and business decision-making to analyze the costs and benefits of continuing or discontinuing a project. Sunk costs are irrelevant for future decision making as they cannot be changed or recovered
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- A cost that has already been incurred and which cannot be recovered to any significant degree.
How to use "sunk cost" in a sentence
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sunk cost
A sunk cost is distinct from an economic loss.
This is related to the sunk cost fallacy.
The sunk cost is distinct from economic loss.
Learn to avoid the sunk cost fallacy.
A sunk cost is an investment you will never recover.
The reverse of a relevant cost is a sunk cost.
Exhibited the sunk cost fallacy.
The opposite of a relevant cost is a sunk cost.
A sunk cost is money that you have spent already.
This is sometimes referred to as the sunk cost fallacy.
Sunk cost are unrecoverable.
The fallacy of sunk cost.
The incurring of a sunk cost should not affect future decisions.
The size of the fixed costs is irrelevant as it is a sunk cost.
Sunk cost effect.
See also
If only you were not so worried about the sunk cost.
Such expenditure is a sunk cost and adds to the risk of entry.
A logical extension of marginalist thinking is the notion of sunk cost.
A sunk cost is something that you can not get back.
The time and money already invested is a sunk cost.
A common example of a sunk cost for a business is the promotion of a brand name.
This is considered to be an incentive problem and is distinct from a sunk cost problem.
The Sunk Cost Fallacy is a trap we are all guilty of falling into.
Both amounts were based on documented sunk cost suffered by the claimants.
Work done but not yet benefiting the customer is just sunk cost.
Which of these is a sunk cost fallacy and which is not?
Then they were given a business scenario which was designed to test the sunk cost bias.
So, again, opportunity costs and sunk cost biases and things like that are changing.
Uncertainty increases the option value of waiting before incurring the sunk cost of investment projects.
Now I am using the particular term sunk cost here, and this is a very important distinction.
It was faulty decision-making based on the sunk cost.
Sunk Cost - Costs that have already been paid are considered irrelevant.
And that 's very true once you incur a sunk cost.
That 's the sunk cost fallacy.
Once you have learned a subject or developed a skill, it is a sunk cost.
Sunk cost and all that?
Instead, present yourself with the new options at hand - without considering the sunk cost.
Can you avoid the sunk cost fallacy?
Sunk cost / opportunity cost.
And once again, higher sunk cost.
He 's a sunk cost anyway.
In finance, we call this a sunk cost.
It 's a sunk cost anyways.
Workers' compensation is not a sunk cost.
Sunk Cost - costs that are non-recoverable and shouldn't be used when considering an investment decision.
That is because they are - as an economist would say - a sunk cost.
This is the sunk cost fallacy at work-a thinking error! ”.
Opportunity cost vs. sunk cost.
Yeah, sunk cost.
The $7 you paid for the lost ticket is a sunk cost.
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The cost of this workshop is per couple
Yet not at the cost of your life
Cost allocation and booking of the invoice
Examples of using Sunk
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She sunk her teeth in real deep
A lot of dough sunk into that too
Then sunk a boat full of people going to a reception
