No Time to Waste: Restricting Life‐Span Temporal Horizons Decreases the Sunk‐Cost Fallacy

摘要: In three studies, we examined the influence of restricted and expansive temporal horizons on sunk-cost fallacy. The fallacy occurs when prior investments instead future returns decisions about investments. When making investments, rational decision makers base consequences, not already-invested costs that are �sunk� cannot be recovered. Study 1, young adult college students' by instructing them to imagine they did have much longer live; this manipulation decreased 2, replicated 1 also found consequences manipulating were most pronounced for time money had different implications fallacy, depending social or nonsocial domain. 3, manipulated students their as a student was coming an end. Results mostly similar 2 but suggested focusing one's mortality may unique consequences. Implications studies understanding age differences in decisions, interventions improve situations which might needed discussed.