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# Sunk Costs & Unintended Consequences **Sunk costs:** * Past costs that cannot be recovered. * Should not influence future decisions. * _Example:_ Already purchased movie tickets. **Unintended consequences:** * Unforeseen effects of economic decisions. * Important consideration in policy making...
# Sunk Costs & Unintended Consequences **Sunk costs:** * Past costs that cannot be recovered. * Should not influence future decisions. * _Example:_ Already purchased movie tickets. **Unintended consequences:** * Unforeseen effects of economic decisions. * Important consideration in policy making. * Can impact economic outcomes.
