Bill attends a local basketball game. The teams are very unbalanced, the play is bad, and the score quickly reaches 36-2. At halftime, Bill realizes he's having no fun, so he leaves the game and goes home. Bill's behavior is not determined by:

Question

Quizplus · Accepted Answer

Sunk costs refer to resources that have already been spent and cannot be recovered. Bill's decision to leave the game is not influenced by the money or time he has already spent on the game, but rather by his lack of enjoyment and the potential for better use of his time elsewhere.

Bill Attends a Local Basketball Game