If we're going to have pedantry, lets make sure we have correct pedantry.
"sunk cost" just means that a cost has been paid, and it's non-recoverable. When it comes up, it's usually to point out that only the future cost and benefits matter when making a decision.
"sunk cost" just means that a cost has been paid, and it's non-recoverable. When it comes up, it's usually to point out that only the future cost and benefits matter when making a decision.