Sunk Costs: does group decision make a difference?

Originality/value--Individuals generally take little rational decisions when considering the expenses incurred in the past to make decisions in the present. However, making decisions individually or in groups may not be able to change this behavior.

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Bibliographic Details
Published inRevista brasileira de gestão de negócios Vol. 21; no. 1; pp. 136 - 151
Main Authors Paraboni, Ana Luiza, Campara, Jessica Pulino, da Costa, Newton Carneiro Affonso Jr, Andrade de Lima, Marcus Vinicius
Format Journal Article
LanguageEnglish
Portuguese
Published São Paulo Fundacao Escola de Comercio Alvares Penteado (FECAP) 01.01.2019
Centro Universitário FECAP, mantido pela Fundação Escola de Comericio Álvares Penteado (FECAP)
Fundação Escola de Comércio Álvares Penteado
Subjects
Behavior
Behavioral economics
Behavioral finance; Sunk costs; Group decision making
Bias
Chi-square test
Costs
Decision making
Expected utility
Game theory
Investments
MANAGEMENT
Finanças comportamentais
Sunk costs
Group decision making
Tomada de decisão em grupo
Custos afundados
Behavioral finance
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More Information
Summary:Originality/value--Individuals generally take little rational decisions when considering the expenses incurred in the past to make decisions in the present. However, making decisions individually or in groups may not be able to change this behavior.
ISSN:1806-4892
1983-0807
1983-0807
DOI:10.7819/rbgn.v21i1.3967