Sunk Costs: does group decision make a difference?
Purpose – Investigate whether joint decision-making is distinct from individual decision-making in the case of biased sunk costs. Design/methodology/approach – We applied 96 questionnaires containing 5 questions adapted from Arkes and Blumer (1985) with undergraduate students. Individuals were c...
| Main Authors: | , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Fundação Escola de Comércio Álvares Penteado
2019-11-01
|
| Series: | Revista Brasileira de Gestão De Negócios |
| Subjects: | |
| Online Access: | https://rbgn.fecap.br/RBGN/article/view/3967/pdf |
| _version_ | 1818890223241658368 |
|---|---|
| author | Ana Luiza Paraboni Jéssica Pulino Campara Newton Carneiro Affonso da Costa Jr Marcus Vinicius Andrade de Lima |
| author_facet | Ana Luiza Paraboni Jéssica Pulino Campara Newton Carneiro Affonso da Costa Jr Marcus Vinicius Andrade de Lima |
| author_sort | Ana Luiza Paraboni |
| collection | DOAJ |
| description | Purpose – Investigate whether joint decision-making is distinct from
individual decision-making in the case of biased sunk costs.
Design/methodology/approach – We applied 96 questionnaires
containing 5 questions adapted from Arkes and Blumer (1985) with
undergraduate students. Individuals were considered in the individual
mode, in pairs and in trios, totaling 190 participants. For data analysis,
we used descriptive statistics, Chi-square test of adherence and Pearson’s
Chi-square test.
Findings – When analyzing the opposite situation, five doubles and
five triples presented biased behavior in all scenarios, whereas only two
individuals had this same behavior.
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. |
| first_indexed | 2024-12-19T17:21:30Z |
| format | Article |
| id | doaj.art-cf916b9e9b6043b6af1f67b076151d3d |
| institution | Directory Open Access Journal |
| issn | 1806-4892 1983-0807 |
| language | English |
| last_indexed | 2024-12-19T17:21:30Z |
| publishDate | 2019-11-01 |
| publisher | Fundação Escola de Comércio Álvares Penteado |
| record_format | Article |
| series | Revista Brasileira de Gestão De Negócios |
| spelling | doaj.art-cf916b9e9b6043b6af1f67b076151d3d2022-12-21T20:12:39ZengFundação Escola de Comércio Álvares PenteadoRevista Brasileira de Gestão De Negócios1806-48921983-08072019-11-01211136151doi.org/10.7819/rbgn.v21i1.3967Sunk Costs: does group decision make a difference?Ana Luiza Paraboni0Jéssica Pulino Campara1Newton Carneiro Affonso da Costa Jr2Marcus Vinicius Andrade de Lima3Federal University of Santa Catarina, Florianópolis, Brazil Federal University of Santa Catarina, Florianópolis, Brazil Pontifical Catholic University of Paraná, Curitiba, BrazilFederal University of Santa Catarina, Florianópolis, BrazilPurpose – Investigate whether joint decision-making is distinct from individual decision-making in the case of biased sunk costs. Design/methodology/approach – We applied 96 questionnaires containing 5 questions adapted from Arkes and Blumer (1985) with undergraduate students. Individuals were considered in the individual mode, in pairs and in trios, totaling 190 participants. For data analysis, we used descriptive statistics, Chi-square test of adherence and Pearson’s Chi-square test. Findings – When analyzing the opposite situation, five doubles and five triples presented biased behavior in all scenarios, whereas only two individuals had this same behavior. 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.https://rbgn.fecap.br/RBGN/article/view/3967/pdfBehavioral finance; Sunk costs; Group decision making |
| spellingShingle | Ana Luiza Paraboni Jéssica Pulino Campara Newton Carneiro Affonso da Costa Jr Marcus Vinicius Andrade de Lima Sunk Costs: does group decision make a difference? Revista Brasileira de Gestão De Negócios Behavioral finance; Sunk costs; Group decision making |
| title | Sunk Costs: does group decision make a difference? |
| title_full | Sunk Costs: does group decision make a difference? |
| title_fullStr | Sunk Costs: does group decision make a difference? |
| title_full_unstemmed | Sunk Costs: does group decision make a difference? |
| title_short | Sunk Costs: does group decision make a difference? |
| title_sort | sunk costs does group decision make a difference |
| topic | Behavioral finance; Sunk costs; Group decision making |
| url | https://rbgn.fecap.br/RBGN/article/view/3967/pdf |
| work_keys_str_mv | AT analuizaparaboni sunkcostsdoesgroupdecisionmakeadifference AT jessicapulinocampara sunkcostsdoesgroupdecisionmakeadifference AT newtoncarneiroaffonsodacostajr sunkcostsdoesgroupdecisionmakeadifference AT marcusviniciusandradedelima sunkcostsdoesgroupdecisionmakeadifference |