Re:Alchian–Allen effect
by lurquer on Tuesday November 13, 2018 @09:53PM
(#18447082)
No. The sunk cost comes into play in explaining why we've gone to Disney World three time too many simply because we bought some multi-day package years ago. I hate Disney. She hates Dianey. But, we gotta use up the stinking tickets.
[1]: https://en.wikipedia.org/wiki/Sunk_cost#Loss_aversion_and_th...