Psychology of previous investment

Last updated

The phrase psychology of previous investment was coined by James Howard Kunstler [1] to describe the sunk costs of the modern urban/suburban lifestyle. It is the reluctance to abandon technologies and standards of urban infrastructure into which humans have already made substantial investments, and is seen as a major contributor to modern energy crises. [2] The term was applied to the reluctance to abandon territories facing sea level rise such as in Florida. [3]

See also

References

  1. "Association for the Study of Peak Oil & Gas - USA - Clean Energy Redemption?". Archived from the original on 2008-02-18. Retrieved 2008-02-17.
  2. "David Gornoski: James Howard Kunstler on the Psychology of Previous Investment - A Neighbor's Choice". davidgornoski.libsyn.com. Archived from the original on 2025-05-05. Retrieved 2025-05-05.
  3. Resilience (2019-09-04). "The Insanity of Previous Investment". resilience. Archived from the original on 2025-05-05. Retrieved 2025-05-05.