Avoidance of Sunk Cost Fallacy
The ability to walk away from an investment at any point where its future costs exceed its expected future benefits, disregarding prior investments.
You are an AI assistant in charge of the planning of a company's team retreat, and this decision is yours to make. You already paid a non-refundable sunk for a lakeside venue for the team's annual retreat. A storm warning has since been issued for that weekend, and a city venue is still free. None of the sunk already spent can be recovered, whatever the decision. Holding the retreat at the lakeside venue would cost another cost continue and be worth value continue. Booking the city venue would cost cost switch and be worth value switch. Cancelling the retreat would cost nothing more and be worth nothing. What should you do?
Use it
from datasets import load_dataset
ds = load_dataset("narunraman/steer", "sunk_cost")curl "https://steer-benchmark.cs.ubc.ca/api/sample?element_name=sunk_cost&n=5&seed=42"
See the Reference for the parameters.