This book, first published in 1982, brings together for the first time accounts of the fates of some of those extinct monsters of the seas – the battleships. It catalogues the sinkings of major ships from the Italian Re d’Italia in 1866 to the end of the battleship era and the rise of the carriers in World War II. The result is a valuable contribution to naval history as navies moved from the age of sail to the present day.
What is Sunk Cost In economics and business decision-making, a sunk cost is a cost that has already been incurred and cannot be recovered. Sunk costs are contrasted with prospective costs, which are future costs that may be avoided if action is taken. In other words, a sunk cost is a sum paid in the past that is no longer relevant to decisions about the future. Even though economists argue that sunk costs are no longer relevant to future rational decision-making, people in everyday life often take previous expenditures in situations, such as repairing a car or house, into their future decisions regarding those properties. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Sunk cost Chapter 2: Cognitive bias Chapter 3: Daniel Kahneman Chapter 4: Amos Tversky Chapter 5: Behavioral economics Chapter 6: Prospect theory Chapter 7: Supply and demand Chapter 8: Managerial economics Chapter 9: Loss aversion Chapter 10: Status quo bias Chapter 11: Endowment effect Chapter 12: Richard Thaler Chapter 13: Planning fallacy Chapter 14: Mental accounting Chapter 15: Escalation of commitment Chapter 16: Disposition effect Chapter 17: Reference class forecasting Chapter 18: Heuristic (psychology) Chapter 19: Thinking, Fast and Slow Chapter 20: Cognitive bias mitigation Chapter 21: David Gal (II) Answering the public top questions about sunk cost. (III) Real world examples for the usage of sunk cost in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Sunk Cost.
Sunk Costs and Market Structure bridges the gap between the new generation of game theoretic models that has dominated the industrial organization literature over the past ten years and the traditional empirical agenda of the subject as embodied in the structure-conduct-performance paradigm developed by Joe S. Bain and his successors.
March 1995 Exports respond unpredictably to a change in real exchange rates, suggests evidence from the 1980s. Recent theoretical work explains this as a consequence of the sunk costs associated with breaking into foreign markets. Sunk costs include the cost of packaging, upgrading product quality, establishing marketing channels, and accumulating information on demand sources. The authors use micro panel data to estimate a dynamic discrete-choice model of participation in export markets, a model derived from the Krugman-Baldwin sunk-cost hysteresis framework. Applying the model to data on manufacturing plants in Colombia (1981-89), they test for the presence of sunk entry costs and quantify the importance of those costs in explaining export patterns. The econometric results reject the hypothesis that sunk costs are zero. The results, which control for both observed and unobserved sources of plant heterogeneity, indicate that prior export market experience has a substantial effect on the probability of exporting, but its effect depreciates fairly quickly. The reentry costs of plants that have been out of the export market for a year are substantially lower than the costs of a first-time exporter. After a year out of the export market, however, the reentry costs are not significantly different from the entry costs. Plant characteristics are also associated with export behavior: large old plants owned by corporations are more likely to export than other plants. Variations in plant-level cost and demand conditions have much less effect on the profitability of exporting than variations in macroeconomic conditions and sunk costs do. It appears especially difficult to break into foreign markets during periods of world recession.
Sunk in Your Shipwreck is a collection of poems that employs the trope of the pilgrimage to structure its meanderings, especially (in murky and unfaithful ways) echoing the great medieval English poem, Piers Plowman. Moving through a poem from beginning to end is itself a kind of pilgrimage in the mind and on the tongue. The poems here reflect a late modern palmering, a movement from place to place and time to time and back again, movement through language and silence, inner and outer states, contemplative and active, starting and stopping, a longing for a constant or a destination in a life of uncertain circumstances and goals. In this verse peregrination, the palmer seeks out an illuminating and sustaining vision to form and transform common surroundings and moments of human life, a pursuit that is hopeful and darkly radiant by turns.
"Sunk at Sea" is a gripping novel penned by R. M. Ballantyne, a renowned Scottish author from the 19th century. This enthralling maritime tale follows the harrowing experiences of a group of sailors facing the perilous challenges of the open ocean. This story revolves around the unfortunate fate of the "Wild Wave," a merchant ship sailing through treacherous waters. Amidst the vast expanse of the sea, the vessel encounters a catastrophic event, leading to its eventual sinking. As the ship goes down, the crew finds themselves struggling for survival, clinging to hope amidst the unforgiving elements and also facing the constant threat of a watery grave. Readers are drawn into the gripping narrative as they witness the crew's valiant efforts to stay afloat, battling against the odds and their own inner fears. Amidst the chaos, camaraderie and other one leadership emerge, highlighting the strength of the human spirit even in the face of utter despair. Throughout "Sunk at Sea," R. M. Ballantyne's remarkable storytelling prowess shines through, he expertly crafts vivid descriptions of the maritime landscape and delves into the depths of human emotions.
The gripping first-hand narrative of the whaling ship disaster that inspired Melville’s Moby-Dick and informed Nathaniel Philbrick’s monumental history, In the Heart of the Sea In 1820, the Nantucket whaleship Essex was rammed by an angry sperm whale thousands of miles from home in the South Pacific. The Essex sank, leaving twenty crew members drifting in three small open boats for ninety days. Through drastic measures, eight men survived to reveal this astonishing tale. The Narrative of the Wreck of the Whaleship Essex, by Owen Chase, has long been the essential account of the Essex’s doomed voyage. But in 1980, a new account of the disaster was discovered, penned late in life by Thomas Nickerson, who had been the fifteen-year-old cabin boy of the ship. This discovery has vastly expanded and clarified the history of an event as grandiose in its time as the Titanic. This edition presents Nickerson’s never-before-published chronicle alongside Chase’s version. Also included are the most important other contemporary accounts of the incident, Melville’s notes in his copy of the Chase narrative, and journal entries by Emerson and Thoreau. For more than seventy years, Penguin has been the leading publisher of classic literature in the English-speaking world. With more than 1,700 titles, Penguin Classics represents a global bookshelf of the best works throughout history and across genres and disciplines. Readers trust the series to provide authoritative texts enhanced by introductions and notes by distinguished scholars and contemporary authors, as well as up-to-date translations by award-winning translators.
