Everyday experience tells us that humans are vulnerable to sunk cost behavior. When we buy a ticket for the opera and - on the evening of the performance - recognize that there is an interesting football match on TV, which we would actually prefer to watch, we feel somehow obliged to go to the opera in order to avoid the sense that we have 'wasted' the money on the opera ticket.
You don't want to waste the ticket in that example. But that is irrational because you have already spent the money.
This website focuses on proverbs in the Swedish, Danish and Norwegian languages, and some parts including the links below have not been translated to English. They are mainly FAQs, various information and webpages for improving the collection.
This website focuses on proverbs in the Swedish, Danish and Norwegian languages, and some parts including the links below have not been translated to English. They are mainly FAQs, various information and webpages for improving the collection.