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.
Penguin Blue is back, in a swashbuckling new adventure about pirates, treasure, and friendship from Rob Biddulph, the creative genius behind the #DrawWithRob phenomenon and the bestselling and award-winning Blown Away!
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.
First published in 1869, ‘Sunk at Sea’ is the first in a series of stories by prolific author R.M. Ballantyne which feature adventurer Will Osten. Our hero is out at sea when the ship he is on is wrecked, and Will finds himself washed up on a mysterious desert island. He isn’t alone for long however, and soon discovers that the island is inhabited by a group of cannibals. Can Will escape them, and will he ever find his way off this island? A thrilling story, full of danger and near-misses for the charismatic hero. R.M. Ballantyne (1825-1894) was a Scottish artist and prolific author of mostly children’s fiction. Born in Edinburgh, Ballantyne was the ninth of ten children. At the age of 16 Ballantyne moved to Canada, where he worked for the Hudson’s Bay Company, travelling all over the country to trade for fur. He returned to Scotland in 1847 following the death of his father, and it was then that he began his literary career in earnest, writing over 100 children’s adventure books over the course of his life. Stories such as ‘The Coral Island’ and ‘The Young Fur Traders’ were hugely popular, and many of them drew on his own experiences of travelling throughout Canada. A stickler for detail, Ballantyne continued to travel widely to research the backgrounds and settings for his exciting stories. His tales became an inspiration for authors of the future, including ‘Treasure Island’ novelist Robert Louis Stevenson. Ballantyne spent the latter period of his life living in London and Italy for the sake of his health. He died in Rome in 1894 at the age of 68.
