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The role of probability of success estimates in the sunk cost effect

✍ Scribed by Hal R. Arkes; Laura Hutzel


Publisher
John Wiley and Sons
Year
2000
Tongue
English
Weight
138 KB
Volume
13
Category
Article
ISSN
0894-3257

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Subjective probability judgments often violate a normative principle in that the conjunction of two events is judged to be more likely than the probability of either of the two events occurring separately. Most previous explanations of these conjunction eects have assumed that probability judgments