Rationality in medical treatment decisions: is there a sunk-cost effect?

@article{Bornstein1999RationalityIM,
  title={Rationality in medical treatment decisions: is there a sunk-cost effect?},
  author={Brian H. Bornstein and A C Emler and Gretchen B. Chapman},
  journal={Social science & medicine},
  year={1999},
  volume={49 2},
  pages={215-22}
}
OBJECTIVE To assess residents' propensity to display the sunk-cost effect, an irrational decision-making bias, in medical treatment decisions; and to compare residents' and undergraduates' susceptibility to the bias in non-medical, everyday behaviors. DESIGN Cross-sectional, in-person survey. SETTING Louisiana State University, two locations: Medical Center-Baton Rouge and Main Campus-Psychology Department. PARTICIPANTS Internal medicine and family practice residents (N = 36, Mdn age = 27… CONTINUE READING

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