Concepedia

Escalation Errors and the Sunk Cost Effect: An Explanation Based on Reputation and Information Asymmetries

Chandra Kanodia, Robert M. Bushman, John Dickhaut

Journal of Accounting Research · 1989 · 259 citations · 8 references

DOI

Concepts

Abstract

Information asymmetry, Reputation, Sunk costs , Escalation errors

References

8

Toward a positive theory of consumer choice

Richard H. Thaler · Journal of Economic Behavior & Organization · 1980 · 5.6K citations

, , +14

Equilibrium in Competitive Insurance Markets: An Essay on the Economics of Imperfect Information

Michael Rothschild, Joseph E. Stiglitz · The Quarterly Journal of Economics · 1976 · 5K citations

, , +17

Reputation and imperfect information

David M. Kreps, Robert Wilson · Journal of Economic Theory · 1982 · 3.1K citations

, , +11

Knee-deep in the big muddy: a study of escalating commitment to a chosen course of action

Barry M. Staw · Organizational Behavior and Human Performance · 1976 · 2.1K citations

, , +5

Predation, reputation, and entry deterrence

Paul Milgrom, John Roberts · Journal of Economic Theory · 1982 · 1.9K citations

, , +11