The Tendency to Be Influenced by Sunk Costs and to Continue

question 34

True/False

The tendency to be influenced by sunk costs and to continue to pour money into unviable projects is a common psychological phenomenon,which is called escalation of commitment.

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Definitions:

Computer Protocol

A set of rules for exchanging electronic information.

Static Address

A permanent IP address assigned to a device on the Internet or a local network.

Dynamic Address

An IP address that can change each time a device connects to the internet, as opposed to a static IP address which remains constant.