SUNK COST DILEMMA
Formal economic term for irrevocable costs that have been incurred and time that has been allocated for it. It is the emotional difficulty of deciding whether to push through or drop a project with obscure prospects. When attempted to be resolved, this dilemma requires evaluating if an investment would be really wasting good money after bad. Also called Concorde Fallacy.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 12:00 | CBI retail sales volume balance | Apr | |
| 01:01 | BRC Shop Price Index | Apr | |
| 01:30 | Unemployment Rate | Mar | |
| 05:04 | BoJ MPC Interest Rate Announcement | Apr | |
| 05:04 | Monetary Policy Meeting Minutes | ||
| 05:04 | BOJ Outlook Report | ||
| 07:00 | BOJ Core CPI | Mar | |
| 08:30 | Bank of Japan Press Conference | ||
| 09:00 | Unemployment Rate | 1 quarter |
