Cost already incurred which cannot be recovered regardless of future events.
Related information about sunk cost:
- Sunk costs - Wikipedia, the free encyclopedia
The sunk cost is distinct from economic loss. For example, when a car is purchased, it can subsequently be resold; however, it will probably not be resold for the ...
- Sunk cost dilemma - Wikipedia, the free encyclopedia
A sunk cost dilemma is a dilemma of having to choose between continuing a project of uncertain prospects already involving considerable sunk costs, ...
- Sunk Cost Definition | Investopedia
A sunk cost differs from other, future costs that a business may face, such as inventory costs or R&D expenses, because it has already happened. Sunk costs are ...
- The Sunk Cost Fallacy « You Are Not So Smart
Mar 25, 2011 ... The Misconception: You make rational decisions based on the future value of objects, investments and experiences. The Truth: Your decisions ...
- Sunk Cost
Aug 18, 2012 ... A "sunk cost" is a cost that you have already incurred and that you cannot recover . People often have an irrational desire to use products for ...
- The Psychology of Sunk Cost - Communication Cache
The sunk cost effect is manifested in a greater tendency to continue an endeavor ... estimates of the same project by those who had not incurred a sunk cost. The ...
- What is sunk cost? definition and meaning
Definition of sunk cost: Money already spent and permanently lost. Sunk costs are past opportunity costs that are partially (as salvage, if any) or totally ...
- Sunk Cost - Financial Dictionary - The Free Dictionary
Money that has already been spent. Sunk costs are important because a company may use, for example, an old piece of equipment to make a new product.