Finance:Psychology of previous investment
From HandWiki
The "psychology of previous investment" was coined by James Howard Kunstler[1] to describe the sunk costs of the modern urban/suburban lifestyle. It is the reluctance to abandon technologies and standards of urban infrastructure into which humans have already made substantial investments, and is seen as a major contributor to modern energy crises.
See also
- Abandonment cost
- Sunk cost fallacy
References
- ↑ "Association for the Study of Peak Oil & Gas - USA - Clean Energy Redemption?". Archived from the original on 2008-02-18. https://web.archive.org/web/20080218063515/http://www.aspo-usa.com/index.php?option=com_content&task=view&id=318&Itemid=91. Retrieved 2008-02-17.
- The Psychology of Previous Investment - Raise the Hammer
- PetroCollapse New York Conference; October 5, 2005 - Remarks on the subject from Kunstler's website
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