Consistency, not waste aversion, explains apparent sunk‐cost effects in politics
Abstract Do sunk costs shape how voters judge political leaders, or do reputational signals carried by current choices dominate? Across three preregistered experiments (total N = 1462) using vignettes about a national rail project, we orthogonally manipulated sunk costs (high vs. absent), leaders' decisions (continue vs. abandon), campaign commitments (
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