In accounting, sunk cost should not influence your decision. For example, I have ordered food which tastes so bad, and I need to decide whether or not I order other food. The cost of food is sunk cost. I can either suffer the rest of meal by continuing to eat it, or I could eat […]

I learnt an interesting theory in Organizational Behavior class, and this is attribution theory. The theory suggests that when we observe what seems like atypical behavior by an individual, we try to make sense of it. We consider whether the individual is responsible for the behavior( the cause is internal), or whether something outside the […]