The Sunk Cost Fallacy Is The

question 2

Multiple Choice

The sunk cost fallacy is the:

• A) principle that sunk costs matter more and more with the passage of time.
• B) mistaken belief that one should consider sunk costs when making decisions.
• C) idea that people ignore experience when making future decisions.
• D) correct belief that past investments can be recovered from future actions.

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Definitions:

Applied Voltage

The voltage that is externally applied to an electrical circuit or device, driving the current through it.

Circuit Impedance

The total current-limiting property of an AC circuit.

RLC Parallel Circuit

A circuit consisting of a resistor (R), inductor (L), and capacitor (C) all connected in parallel.

Circuit Capacitance

The ability of an electrical circuit to store charge, measured in farads.