• Medientyp: E-Book
  • Titel: The Sunk Costs Fallacy or Argument from Waste
  • Beteiligte: Walton, Douglas [VerfasserIn]
  • Erschienen: [S.l.]: SSRN, 2011
  • Umfang: 1 Online-Ressource (28 p)
  • Sprache: Englisch
  • DOI: 10.2139/ssrn.1759200
  • Identifikator:
  • Entstehung:
  • Anmerkungen: Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments February 10, 2011 erstellt
  • Beschreibung: This project tackles the problem of analyzing a specific form of reasoning called “sunk costs” in economics and “argument from waste” in argumentation theory. The project has three especially significant findings. First, the sunk costs argument is not always fallacious, and in many cases it can be seen to be a rational precommitment strategy. Second, a formal model of argumentation, called practical reasoning, can be constructed that helps a rational critic to judge which sunk costs arguments are fallacious and which are not. Third, this formal model represents an alternative model of rationality to the cost-benefit model based on Bayesian calculation of probabilities. This alternative model is called the argumentation model, and it is based on interpersonal reasoning in dialogue as the model of rational thinking. This model in turn is based on the underlying notion of commitment in dialogue
  • Zugangsstatus: Freier Zugang