APS
APS Virtual Poster Showcase · 2020
A Gamified Task of the Sunk-Cost Fallacy
- Huangqi Jiang
Case Western Reserve University - Yinong An
Beijing Normal University - Brooke Macnamara
Case Western Reserve University - Huamao Peng
Beijing Normal University
Abstract
In a gamified task testing sunk-cost fallacy, participants decided whether to switch to a quicker stream of coins and lose the already-collected coins or to stay. The correlation between task performance and a sunk-cost questionnaire, and a strong overestimation bias for the original option suggested successful assessment of sunk-cost fallacy.
Judgment and Decision Making
