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Sensitivity to “sunk costs” in mice, rats, and humans

Sunk costs are irrecoverable investments that should not influence decisions, because decisions should be made on the basis of expected future consequences. Both human and nonhuman animals can show sensitivity to sunk costs, but reports from across species are inconsistent. In a temporal context, a...

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Autores principales: Sweis, Brian M., Abram, Samantha V., Schmidt, Brandy J., Seeland, Kelsey D., MacDonald, Angus W., Thomas, Mark J., Redish, A. David
Formato: Online Artículo Texto
Lenguaje:English
Publicado: 2018
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6377599/
https://www.ncbi.nlm.nih.gov/pubmed/30002252
http://dx.doi.org/10.1126/science.aar8644
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author Sweis, Brian M.
Abram, Samantha V.
Schmidt, Brandy J.
Seeland, Kelsey D.
MacDonald, Angus W.
Thomas, Mark J.
Redish, A. David
author_facet Sweis, Brian M.
Abram, Samantha V.
Schmidt, Brandy J.
Seeland, Kelsey D.
MacDonald, Angus W.
Thomas, Mark J.
Redish, A. David
author_sort Sweis, Brian M.
collection PubMed
description Sunk costs are irrecoverable investments that should not influence decisions, because decisions should be made on the basis of expected future consequences. Both human and nonhuman animals can show sensitivity to sunk costs, but reports from across species are inconsistent. In a temporal context, a sensitivity to sunk costs arises when an individual resists ending an activity, even if it seems unproductive, because of the time already invested. In two parallel foraging tasks that we designed, we found that mice, rats, and humans show similar sensitivities to sunk costs in their decision-making. Unexpectedly, sensitivity to time invested accrued only after an initial decision had been made. These findings suggest that sensitivity to temporal sunk costs lies in a vulnerability distinct from deliberation processes and that this distinction is present across species.
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spelling pubmed-63775992019-02-16 Sensitivity to “sunk costs” in mice, rats, and humans Sweis, Brian M. Abram, Samantha V. Schmidt, Brandy J. Seeland, Kelsey D. MacDonald, Angus W. Thomas, Mark J. Redish, A. David Science Article Sunk costs are irrecoverable investments that should not influence decisions, because decisions should be made on the basis of expected future consequences. Both human and nonhuman animals can show sensitivity to sunk costs, but reports from across species are inconsistent. In a temporal context, a sensitivity to sunk costs arises when an individual resists ending an activity, even if it seems unproductive, because of the time already invested. In two parallel foraging tasks that we designed, we found that mice, rats, and humans show similar sensitivities to sunk costs in their decision-making. Unexpectedly, sensitivity to time invested accrued only after an initial decision had been made. These findings suggest that sensitivity to temporal sunk costs lies in a vulnerability distinct from deliberation processes and that this distinction is present across species. 2018-07-13 /pmc/articles/PMC6377599/ /pubmed/30002252 http://dx.doi.org/10.1126/science.aar8644 Text en http://creativecommons.org/licenses/by-nc/4.0/ exclusive licensee American Association for the Advancement of Science. No claim to original U.S. Government Works. The title Science is a registered trademark of AAAS.
spellingShingle Article
Sweis, Brian M.
Abram, Samantha V.
Schmidt, Brandy J.
Seeland, Kelsey D.
MacDonald, Angus W.
Thomas, Mark J.
Redish, A. David
Sensitivity to “sunk costs” in mice, rats, and humans
title Sensitivity to “sunk costs” in mice, rats, and humans
title_full Sensitivity to “sunk costs” in mice, rats, and humans
title_fullStr Sensitivity to “sunk costs” in mice, rats, and humans
title_full_unstemmed Sensitivity to “sunk costs” in mice, rats, and humans
title_short Sensitivity to “sunk costs” in mice, rats, and humans
title_sort sensitivity to “sunk costs” in mice, rats, and humans
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6377599/
https://www.ncbi.nlm.nih.gov/pubmed/30002252
http://dx.doi.org/10.1126/science.aar8644
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