Accounting knowledge, quantification, and budget effects on the sunk cost fallacy.
In this study, we investigate the factors that may reduce the sunk cost fallacy. Based on the results of experiments conducted with undergraduates in NTU & NUS, we concluded that the sunk cost effect can be reduced: (1)by accounting knowledge; (2)by quantification of future returns; &a...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Final Year Project (FYP) |
| Language: | English |
| Published: |
2014
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10356/55417 |
| _version_ | 1824455205427609600 |
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| author | Ang, Geok Lan Lee, Ngai Hon Tan, Wee Sze |
| author2 | Tan Hun Tong |
| author_facet | Tan Hun Tong Ang, Geok Lan Lee, Ngai Hon Tan, Wee Sze |
| author_sort | Ang, Geok Lan |
| collection | NTU |
| description | In this study, we investigate the factors that may reduce the sunk cost fallacy. Based on the results of experiments conducted with undergraduates in NTU & NUS, we concluded that the sunk cost effect can be reduced:
(1)by accounting knowledge;
(2)by quantification of future returns; &
(3)when the project costs exceed the budget given. |
| first_indexed | 2025-02-19T03:34:30Z |
| format | Final Year Project (FYP) |
| id | ntu-10356/55417 |
| institution | Nanyang Technological University |
| language | English |
| last_indexed | 2025-02-19T03:34:30Z |
| publishDate | 2014 |
| record_format | dspace |
| spelling | ntu-10356/554172023-05-19T06:09:02Z Accounting knowledge, quantification, and budget effects on the sunk cost fallacy. Ang, Geok Lan Lee, Ngai Hon Tan, Wee Sze Tan Hun Tong Nanyang Business School DRNTU::Business::Accounting In this study, we investigate the factors that may reduce the sunk cost fallacy. Based on the results of experiments conducted with undergraduates in NTU & NUS, we concluded that the sunk cost effect can be reduced: (1)by accounting knowledge; (2)by quantification of future returns; & (3)when the project costs exceed the budget given. ACCOUNTANCY 2014-03-03T09:03:25Z 2014-03-03T09:03:25Z 1994 1994 Final Year Project (FYP) http://hdl.handle.net/10356/55417 en Nanyang Technological University 64 p. application/pdf |
| spellingShingle | DRNTU::Business::Accounting Ang, Geok Lan Lee, Ngai Hon Tan, Wee Sze Accounting knowledge, quantification, and budget effects on the sunk cost fallacy. |
| title | Accounting knowledge, quantification, and budget effects on the sunk cost fallacy. |
| title_full | Accounting knowledge, quantification, and budget effects on the sunk cost fallacy. |
| title_fullStr | Accounting knowledge, quantification, and budget effects on the sunk cost fallacy. |
| title_full_unstemmed | Accounting knowledge, quantification, and budget effects on the sunk cost fallacy. |
| title_short | Accounting knowledge, quantification, and budget effects on the sunk cost fallacy. |
| title_sort | accounting knowledge quantification and budget effects on the sunk cost fallacy |
| topic | DRNTU::Business::Accounting |
| url | http://hdl.handle.net/10356/55417 |
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