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This study investigates the sunk-cost fallacy in individual decision-making through a laboratory experiment, focusing on the influence of cognitive ability. Results indicate a weak manifestation of the sunk-cost fallacy, significant only in high sunk-cost conditions, with high-cognitive-ability individuals showing stronger evidence of the bias. However, cognitive ability does not appear to mitigate the sunk-cost bias, although it is linked to status-quo bias.

Author

blah

Language

EN