Glossary / Lexicon
Sunk cost effect
Sunk cost effect refers to a bias in decision making in which already "spent” costs unduly influence decisions on whether to continue.
Related Articles | |
| Activational effect at psychology-glossary.com | ■■■■ |
Activational effect refers to the effect of a hormone on a physiological system that has already developed. . . . Read More | |
| Commitment effect at psychology-glossary.com | ■■■■ |
Commitment effect: In the psychology context, the commitment effect, often related to the concept of . . . Read More | |
| Bacalhau | ■■■ |
Bacalhau is a Portuguese word which refers to "salt cod". The Portuguese word Bacalhau literally means . . . Read More | |
| Shared information bias at psychology-glossary.com | ■■■ |
Shared information bias refers to the tendency for groups to spend more time discussing information that . . . Read More | |
| Confirmation Bias at psychology-glossary.com | ■■■ |
Confirmation Bias refers to a type of selective thinking whereby one tends to notice and to look for . . . Read More | |
| Fundamental attribution error at psychology-glossary.com | ■■■ |
Fundamental attribution error is defined as the tendency for observers to underestimate situational influences . . . Read More | |
| Culture-fair at psychology-glossary.com | ■■■ |
Culture-fair means equally appropriate and fair for members of all culturesIn psychology, the term culture-fair . . . Read More | |
| Whole object bias at psychology-glossary.com | ■■■ |
Whole object bias refers to a cognitive constraint in which children assume that a word refers to an . . . Read More | |
| Durable powers of attorney in health care matters at psychology-glossary.com | ■■■ |
Durable powers of attorney in health care matters refers to a form of advance directives through which . . . Read More | |
| Norm of social responsibility at psychology-glossary.com | ■■■ |
Norm of social responsibility refers to the cultural expectation that help should be given to those in . . . Read More | |