Sunk cost effect: An exploratory approach through a sample of Spanish graduates

Abstract

The effect of sunk cost (ECI) has been defned as a tendency to choose or continue a course of action once it has made a previous investment of money, time or effort. The mail purpose in this study was the application, with minimum variations, the original experiment sunk cost effect in a sample of 108 university students from several degrees with an average age of 28.79 (SD = 11.34), where 62% were women and 38% men. The results confrm the existence of sunk cost effect in that sample although the term ECI spreads a range of possible discussions in order to take into account the conclusions of this study.
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Fernández Magalhaes, R., Pocinho, R., Fernández Muñoz, J. J., & Rodrigues Dos Santos, G. A. (2015). Sunk cost effect: An exploratory approach through a sample of Spanish graduates. Education in The Knowledge Society, 16(3), 19-34. https://doi.org/10.14201/eks20151631934

Author Biographies

Ricardo Pocinho

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Rua 5 de Outubro – São Martinho do Bispo 3046-854 Coimbra

Gisela Andreia Rodrigues Dos Santos

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Instituto de Psicología Cognitiva Desenvolvimiento Vocacional e Humano da Universidade de Coimbra, Portugal. 

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