Sunk cost: story about a personal relationship of being in a relationship or moving on treating the time already spent as sunk cost. Example: (about walking out/staying in to watch a boring movie for which u paid $10.) no definitions (just mention the concept in the beginning that you will be covering in that paper) no graphs (preferably) informal paper: 2- 3 paragraphs. not to exceed 1 page unless you have a fantastic story to tell. your own experience/observation from real life that is based on an economic concept covered in class. provide a brief conclusion about your story
