It's only money: Do voters treat human and financial sunk costs the same?
The sunk costs fallacy is an important concept in the academic and policy worlds. It has helped explain consequential national security decisions such as the escalation in Vietnam and the surges in Iraq and Afghanistan. While previous analysis of sunk costs in international relations has made no distinction between financial and human sunk costs, there is evidence in psychology that people treat human lives and financial costs differently. The consensus in the casualty sensitivity literature is...[Show more]
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|Source:||Journal of Peace Research|
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